Key option levels for Friday, March 31st

EUR/USD

Main trend	Short-term period	Medium-term period
	Neutral	Neutral
Changes in the open interest	+ 21 248 ↑	+ 39 453 ↑
Closest resistance levels	1.0713; 1.0761; 1.0786; 1.0829
Closest support levels	1.0662; 1.0628; 1.0608; 1.0585
Trading recommendations
Baseline scenario	Short EUR/USD below 1.0662 (or from 1.0713), with target points at 1.0628 and 1.0608
Alternative scenario	Moving above 1.0713 can be considered as a signal to Buy the pair, with target at 1.0761 and 1.0786

GBP/USD

Main trend	Short-term period	Medium-term period
	Bullish	Bearish
Changes in the open interest	+ 126 ↑	- 42 ↓
Closest resistance levels	1.2473; 1.2501; 1.2531; 1.2568
Closest support levels	1.2434; 1.2405; 1.2371; 1.2331
Trading recommendations
Baseline scenario	Long GBP/USD above 1.2473, with target points at 1.2501 and 1.2531
Alternative scenario	Moving below 1.2434 can be considered as a signal to Sell the pair, with target at 1.2405 and 1.2371

USD/CAD

Main trend	Short-term period	Medium-term period
	Neutral	Bullish
Changes in the open interest	+ 619 ↑	- 9 ↓
Closest resistance levels	1.3330; 1.3356; 1.3373; 1.3401
Closest support levels	1.3286; 1.3261; 1.3215; 1.3189
Trading recommendations
Baseline scenario	Long USD/CAD above 1.3330 (or from 1.3286), with the target points at 1.3356 and 1.3373
Alternative scenario	Moving below 1.3286 can be considered as a signal to Sell the pair, with target at 1.3261 and 1.3215

Grigory Zverev

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