Key option levels for Thursday, March 30th
EUR/USD
Main trend | Short-term period | Medium-term period |
Bullish | Neutral | |
Changes in the open interest | + 9 056 ↑ | + 34 690 ↑ |
Closest resistance levels | 1.0775; 1.0799; 1.0825; 1.0846 | |
Closest support levels | 1.0751; 1.0709; 1.0668; 1.0644 | |
Trading recommendations | ||
Baseline scenario | Long EUR/USD above 1.0775 (or from 1.0751), with target points at 1.0799 and 1.0825 | |
Alternative scenario | Moving below 1.0751 can be considered as a signal to Sell the pair, with target at 1.0709 and 1.0668 |
GBP/USD
Main trend | Short-term period | Medium-term period |
Bearish | Bearish | |
Changes in the open interest | + 241 ↑ | + 148 ↑ |
Closest resistance levels | 1.2460-66; 1.2484; 1.2511; 1.2531 | |
Closest support levels | 1.2436; 1.2404; 1.2380; 1.2350 | |
Trading recommendations | ||
Baseline scenario | Short GBP/USD below 1.2436 (or from 1.2460), with target points at 1.2404 and 1.2380 | |
Alternative scenario | Moving above 1.2466 can be considered as a signal to Buy the pair, with target at 1.2484 and 1.2511 |