EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
Key option levels for Tuesday, April 4th
EUR/USD
| Main trend | Short-term period | Medium-term period |
 Bearish |
 Neutral |
|
| Changes in the open interest |  - 19 733 ↓ |
 - 77 359 ↓ |
| Closest resistance levels | 1.0677; 1.0702; 1.0738; 1.0765 | |
| Closest support levels | 1.0648; 1.0618; 1.0577; 1.0553 | |
| Trading recommendations | ||
| Baseline scenario | Short EUR/USD below 1.0648 (or from 1.0677), with target points at 1.0618 and 1.0577 | |
| Alternative scenario | Moving above 1.0677 can be considered as a signal to Buy the pair, with target at 1.0702 and 1.0738 | |
GBP/USD
| Main trend | Short-term period | Medium-term period |
| Bearish |
Bearish |
|
| Changes in the open interest | - 773 ↓ |
- 667 ↓ |
| Closest resistance levels | 1.2483; 1.2514; 1.2548; 1.2577 | |
| Closest support levels | 1.2449; 1.2420; 1.2383; 1.2341 | |
| Trading recommendations | ||
| Baseline scenario | Short GBP/USD below 1.2449 (or from 1.2483), with target points at 1.2420 and 1.2383 | |
| Alternative scenario | Moving above 1.2483 can be considered as a signal to Buy the pair, with target at 1.2514 and 1.2548 | |
AUD/USD
| Main trend | Short-term period | Medium-term period |
| Bearish |
Bearish |
|
| Changes in the open interest | - 223 ↓ |
+ 79 ↑ |
| Closest resistance levels | 0.7581; 0.7603; 0.7623; 0.7658 | |
| Closest support levels | 0.7566; 0.7536; 0.7495(Critical); 0.7448 | |
| Trading recommendations | ||
| Baseline scenario | Short AUD/USD below 0.7566 (or from 0.7581), with the target points at 0.7536 and 0.7495 | |
| Alternative scenario | Moving above 0.7581 can be considered as a signal to Buy the pair, with target at 0.7603 and 0.7623 | |
Grigory Zverev
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