Technical analysis of EUR/USD for December 31, 2015 Market Analysis Review

When the European market opens, there is no economic news to be released today. The US will publish the economic data on the Natural Gas Storage, Chicago PMI, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0988.

Strong Resistance:1.0982.

Original Resistance: 1.0971.

Inner Sell Area: 1.0960.

Target Inner Area: 1.0935.

Inner Buy Area: 1.0910.

Original Support: 1.0899.

Strong Support: 1.0888.

Breakout SELL Level: 1.0882.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Technical analysis of USD/JPY for December 31, 2015 Market Analysis Review

In Asia, Japan will not release any economic data, but the US will publish some economic data such as Natural Gas Storage, Chicago PMI, and Unemployment Claims. So, there is a strong probability that the the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.06.

Resistance. 2: 120.82.

Resistance. 1: 120.59.

Support. 1: 120.29.

Support. 2: 120.05.

Support. 3: 119.82.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Daily analysis of major pairs for December 31, 2015 Market Analysis Review

EUR/USD: This currency pair has only moved sideways this week so far. It would be better to stay off the market because the price action does not show supremacy of bulls or bears at the moment. Momentum would return to the market early next week, which would make the price go either above the resistance level of 1.1000 or below the support level of 1.0850.

USD/CHF: This currency trading instrument is generally in an equilibrium phase, though the current price action is a threat to an ongoing bias. A move above the resistance level of 1.0000 would result in invalidation of the bearish bias in the market leading to a Bullish Confirmation Pattern. If the price fails to do this, the price is likely to continue its southward effort when there is a breakout in the market.

GBP/USD: The GBP/USD pair simply went flat on Wednesday. The bias is strongly bearish on the market, and the current upwards bounce is simply a rally in the context of a downtrend. The accumulation territory would be tested again: it could even be breached to the downside this week or next week.

USD/JPY: What has happened this week is best called a 'base.' Indeed, the price has formed a base, which is likely to send the price either south or north, depending on what happens to the yen next week. An upturn is much more likely in the market.

EUR/JPY: Here, the EMA 11 is below the EMA 56, and the RSI period 14 is below the level of 50. There is a Bearish Confirmation Pattern in the market; and therefore, further bearish movement on the EUR/JPY is not ruled out.

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Daily analysis of USDX for December 31, 2015 Market Analysis Review

On the H1 chart, the USDX is trying again a bullish consolidation above the 200 SMA, looking to rally towards the resistance level of 98.66. However, at the current stage we can expect a pullback to resume the short-term bearish bias, because an overall structure is still favoring this scenario. There is a strong demand zone around the level of 97.86.

H1 chart's resistance levels: 98.66 / 98.90

H1 chart's support levels: 98.14 / 97.86

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USDX breaks with a bearish candlestick; the support level is found at 98.14, take profit is at 97.86, and stop loss is at 98.43.

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Daily analysis of GBP/USD for December 31, 2015 Market Analysis Review

The GBP/USD pair is currently finding strong support at the level of 1.4802, where buyers remain active on a short-term basis. We are keeping our outlook in a bearish mode, because the cable is already consolidated below the 200 SMA. A breakout below the level of 1.4802 will expose the next level 1.4702. The MACD indicator is entering the negative territory.

H1 chart's resistance levels: 1.4918 / 1.4999

H1 chart's support levels: 1.4802 / 1.4702

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is found at 1.4802, take profit is at 1.4702, and stop loss is at 1.4908.

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Daily analysis of Silver for December 30, 2015 Market Analysis Review

Overview

Silver price continues to fluctuate near 13.96 level, and it is under negative pressure that comes from the EMA50 besides stochastic negative signal, which supports the continuation of the bearish trend in the upcoming period, which targets 13.50 and then 13.00 levels initially. In general, the negative scenario will remain valid and active unless we see a clear breach and stability with a daily close above 14.25 level. Expected trading range for today is between 13.70 support and 14.25 resistance.

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Daily analysis of GBP/JPY for December 30, 2015 Market Analysis Review

Overview

The attached H4 demonstrates that GBP/JPY's fall has resumed after brief consolidations and reached as low as 178.10 so far. An intraday bias is back on the downside. The current decline is expected to extend to test the 174.86 key support level next. On the upside, a break of 180.14 resistance will indicate short-term bottoming and bring stronger recovery first. GBP/JPY was close to the key cluster resistance of 61.8% retracement of 251.09 to 116.83 at 199.80, which is close to 200 psychological level. Break of 174.86 will confirm a trend reversal and bring a deeper fall to 38.2% retracement of 116.83 to 195.86 at 165.67. In case of another rise, we'll be cautious about strong resistance from 199.80/200.00 to bring reversal finally.

Daily Pivots: (S1) 177.91; (P) 178.72; (R1) 179.33;

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Technical analysis of USD/JPY for December 30, 2015 Market Analysis Review

USD/JPY is under pressure.Overnight U.S. stock indexes rebounded over 1%, boosted by shares in the retailing, technology hardware & equipment and pharmaceutical sectors. The Dow Jones Industrial Average rose 1.1% to 17720, the S&P 500 also climbed 1.1% to 2078, while the Nasdaq Composite was up 1.3% to 5107.

Nymex crude oil rebounded 2.9% to settle at $37.87 a barrel, gold remained broadly flat at $1068 an ounce. The benchmark 10-year Treasury yield increased to 2.310% from 2.227% in the previous session.

Meanwhile the U.S. consumer confidence index rose to 96.5 in December (vs 93.5 expected) from 92.6 in November. At the same time the U.S. dollar regained strength against most other major currencies. EUR/USD declined 0.4% to 1.0917, GBP/USD fell 0.4% to 1.4811 (an 8-month low), while USD/CAD lost 0.5% to 1.3840 and AUD/USD was up 0.7% to 0.7294. The pair keeps trading below the key resistance at 120.75 (a price base seen in December 22-23), though intraday technical signals (20- and 50-period moving average on a 30-minute chart, relative strength index) are mixed showing no upward or downward momentum. As long as the key resistance at 120.75 is not surpassed, the pair stands a higher chance of maintaining a bearish intraday outlook and declining toward the first downside target at 120.00 (the low of December 25).

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 120.20. A break of that target will move the pair further downwards to 120.00. The pivot point stands at 120.75. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 121 and the second target at 121.30.

Resistance levels: 121.00, 121.30, 121.75

Support levels: 120.20, 120.00, 119.75

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Technical analysis of USD/CHF for December 30, 2015 Market Analysis Review

USD/CHF is turning up. The pair might be shaping an intraday "rounding bottom" pattern, and is now heading upward, supported by its ascending 20-period and 50-period simple moving averages. The relative strength index broke above its declining trend line. To sum up, as long as 0.9870 is not broken, look for a new rise to 0.9945 & 0.9970 in extension.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, it is recommended to open long positions with the first target at 0.9945 and the second target at 0.9970. In the alternative scenario, it is recommended to open short positions with the first target at 0.9850, if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.9830. The pivot point is at 0.9870.

Resistance levels: 0.9945, 0.9970, 0.9995

Support levels: 0.9850, 0.9830, 0.98

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Technical analysis of NZD/USD for December 30, 2015 Market Analysis Review

NZD/USD is expected to trade in a higher range as a bias remains bullish. The pair stands firmly above its nearest support at 0.6825, and seems likely to post some consolidations before a new rise. Nevertheless, the trend is still on the upside, as the process of higher highs and lows remains intact. Even though a continuation of the consolidation cannot be ruled out at the current stage, its extent should be limited. As long as 0.6835 is not broken, look for further advance to 0.6885 and 0.6920 in extension.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, it is recommended to open long positions with the first target at 0.6885 and the second target at 0.6920. In the alternative scenario, it is recommended to open short positions with the first target at 0.6805, if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6780. The pivot point is at 0.6825.

Resistance levels: 0.6885, 0.6920, 0.6950

Support levels: 0.6805, 0.6780, 0.6755

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Technical analysis of NZD/USD for December 30, 2015 Market Analysis Review

NZD/USD is expected to trade in a higher range as a bias remains bullish. The pair stands firmly above its nearest support at 0.6825, and seems likely to post some consolidations before a new rise. Nevertheless, the trend is still on the upside, as the process of higher highs and lows remains intact. Even though a continuation of the consolidation cannot be ruled out at the current stage, its extent should be limited. As long as 0.6835 is not broken, look for further advance to 0.6885 and 0.6920 in extension.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, it is recommended to open long positions with the first target at 0.6885 and the second target at 0.6920. In the alternative scenario, it is recommended to open short positions with the first target at 0.6805, if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6780. The pivot point is at 0.6825.

Resistance levels: 0.6885, 0.6920, 0.6950

Support levels: 0.6805, 0.6780, 0.6755

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Technical analysis of GBP/JPY for December 30, 2015 Market Analysis Review

GBP/JPY is under pressure. The pair is turning down and remains under pressure below its key resistance at 179.15. Meanwhile the relative strength index is below its 50% neutrality area. A first target to the downside is set at the horizontal support and overlap at 178.10. A break below this level would open the way to further weakness toward 177.70.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 178.10. A break of that target will move the pair further downwards to 177. The pivot point stands at 179.15. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 179.55 and the second target at 180.05.

Resistance levels: 179.55, 180.05, 181

Support levels: 178.10, 177.70, 177

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NZD/USD intraday technical levels and trading recommendations for December 30, 2015 Market Analysis Review

The daily chart shows a bullish Flag pattern that was initiated around the level of 0.6230 on September 23.

On November 30, a bullish engulfing candlestick was expressed around 0.6520 where the depicted uptrend came to meet the NZD/USD pair.

Shortly after, a bullish breakout above 0.6600 (the upper limit of the flag pattern) took place. This enhanced the bullish side of the market towards 0.6800 initially.

A temporary bearish rejection was expected around 0.6750 and 0.6840 (daily resistance levels) in the daily chart. Actually, an earlier bearish rejection was expressed two weeks ago on Friday.

On the other hand, an estimated projection target for this flag pattern remains at 0.6950 as long as the NZD/USD pair manages to keep trading above 0.6840.

Two weeks ago, an obvious bullish breakout above 0.6600 was executed via a full-body bullish candlestick on the H4 chart.

Shortly after, the NZD/CAD pair faced resistance between 0.6700 and 0.6750 providing evident bearish rejection.

For the NZD/USD conservative traders, a valid buy entry was suggested around 0.6600 (corresponding to the depicted uptrend and the upper limit of the broken consolidation range).

Shortly after, another valid buy entry was suggested around the level of 0.6700 (the depicted uptrend line as well as a recent support level). It is already running in profits now.

Last week, lack of bullish pressure above 0.6800 was manifested. That is why a bearish pullback towards took place 0.6770 where an ongoing bullish swing was initiated.

Bullish fixation above 0.6845 enhances the bullish side of the market.

Long-term bullish targets are located at 0.6950 as long as the NZD/USD pair keep pushing above 0.6845.

On the other hand, another bearish fixation below 0.6840 brings the pair back to 0.6750 where a valid buy entry can be offered (where the depicted uptrend line comes to meet the NZD/USD pair).

S/L is to be located below 0.6700. Initial T/P level remains located at 0.6840.

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USD/CAD intraday technical levels and trading recommendations for December 30, 2015 Market Analysis Review

Overview:

A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A long-term bullish target was projected towards the level of 1.3270.

A significant bearish rejection was observed around 1.3450. Since then, another consolidation range was established between 1.2800 and 1.3400.

Few weeks ago, a bearish breakout below the support level of 1.3075 was needed to allow a further bearish decline towards 1.2900. However, an evident bullish rejection was expressed around this level.

A bullish breakout above 1.3400 (the upper limit of the recent consolidation range) was performed on December 7.

Daily fixation above 1.3400 enhances the bullish side of the market.

A bullish visit towards the next resistance level of 1.4100 (Fibonacci Expansion 100%) should be expected.

Significant bearish rejection and valid sell entry should be expected around this level.

On the other hand, the price zone around 1.3370-1.3400 remains a significant support zone to be watched for a valid buy entries if a bullish pullback occurs soon.

Trading recommendations:

A counter-trend sell position can be offered around 1.4100 (Fibonacci Expansion 100%) for risky traders if enough bearish rejection is expressed when retesting takes place.

On the other hand, conservative traders should wait for the USD/CAD pair to retrace towards the zone of 1.3380-1.3400 looking for a low-risk buy entry. S/L should be placed below 1.3300.

The initial T/P levels should be placed at 1.3500 and 1.3600. The long-term bullish target is projected towards 1.4100.

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Intraday technical levels and trading recommendations for GBP/USD for December 30, 2015 Market Analysis Review

Few months ago, the market was pushed above the weekly key zone around 1.5550 in an attempt to reach the area of 1.5900, which provided the GBP/USD pair with significant resistance.

The recent weekly candlesticks came as bearish engulfing candles, closing below the level of 1.5220 (the neckline of the Head and Shoulders pattern). This supported the bearish side of the market in the long term.

A long-term bearish target is projected towards the level of 1.4800 for this reversal pattern.

The previous demand level of 1.5200 (the origin of a previous bullish engulfing weekly candlestick) was broken to the downside a month ago. This bearish tendency was confirmed by the Shooting Star pattern and the bearish engulfing weekly candlesticks of previous weeks.

Hence, a quick bearish decline towards the weekly demand level of 1.4950 was expected as a result of the bearish breakdown below 1.5200.

Note that a weekly closure below 1.4950 opens the way towards 1.4800 and 1.4650 (long-term bearish targets).

On the other hand, a -closure above 1.4950 allows another bullish pullback to occur towards 1.5350 especially after the previous weekly bullish rejection that was expressed at 1.4800 (the lower limit of the current bearish channel).

Recently, the key level of 1.5200 was temporarily breached to the upside before a daily bearish engulfing candlestick was expressed around 1.5330 on November 20th.

Bearish persistence below 1.5200 and then below 1.5050 (previous weekly bottom) enhanced a further bearish decline towards the weekly demand level of 1.4950 (corresponding to the lower limit of the depicted channel).

A bullish engulfing daily candlestick was expressed around 1.4950 earlier this month on December 3rd.

A bullish pullback towards 1.5200-1.5230 was expressed as the GBP/USD pair managed to hold above 1.5000 and 1.5100.

Two weeks ago, a significant bearish rejection was expressed around 1.5230. Many bearish engulfing daily candlesticks had been already expressed.

The level of 1.4950 was broken-down last week, thus constituting a significant supply level. As anticipated, this price level offered a valid sell entry earlier this week. It's already running in profits now.

The level of 1.4950 was broken to the downside last week constituting a significant supply level. As anticipated, this level offered a valid sell entry earlier this week. It is already running in profits now.

Daily persistence below 1.4800 opens the way towards 1.4700 and 1.4650 where a historical bottom was previously located.

Trading Recommendation:

Risky traders can sell the GBP/USD pair at retesting of the broken demand level at 1.4950. S/L should be lowered to 1.4880 to secure profits.

Initial bearish targets should be located at 1.4850 and 1.4800 where the lower limit of the depicted channel is located.

Next T/P levels are located at 1.4700 and 1.4650 as long as the GBP/USD pair keep trading below 1.4800.

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Intraday technical levels and trading recommendations for EUR/USD for December 30, 2015 Market Analysis Review

Previously, the EUR/USD pair moved lower after breaking below the major demand levels around 1.2100 and 1.2000 where historical bottoms were previously established back in July 2012 and June 2010.

The EUR/USD bears pushed the price slightly below the monthly demand level of 1.0550 (established in January 1997). Bullish recovery was observed shortly after.

April's candlestick came as bullish engulfing one. However, next monthly candlesticks (August, September, October, and November) reflected strong bearish rejection, which existed around the level of 1.1450.

Hence, a long-term projected target is still seen at 0.9450 if a bearish breakout below the monthly demand level of 1.0555 occurs before the end of this month (December).

On August 24, the EUR/USD pair looked overbought as the market spiked above the level of 1.1500 (daily supply level).

Shortly after, the intraday supply zone of 1.1360-1.1400 provided significant bearish pressure. An intraday sell entry was suggested. All T/P levels are located at 1.1150 and 1.1050 were already reached.

A bearish breakout of the depicted uptrend was performed on October 23rd. This enhanced a long-term bearish scenario with targets at 1.0800 and 1.0600.

Three weeks ago, daily persistence below the level of 1.0700 (key level) ensured enough bearish momentum towards 1.0550 (prominent monthly low) where the current bullish pullback was initiated.

This week, the level of 1.1000 constitutes to act as the significant supply level to offer a valid sell entry. A Head and Shoulders reversal pattern is established around the depicted supply level.

S/L should be located above 1.1050. Initial T/P levels should be located at 1.0900 and 1.0810.

An obvious bearish closure below 1.0820 (the neckline of the depicted reversal pattern) is needed to allow a further bearish decline towards 1.0730 and 1.0550 again.

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Gold analysis for December 30 , 2015 Market Analysis Review

Overview:

Since our last analysis, gold has been trading sideways around the level of $1,071.00. In the daily time frame, I found a neutral bar, which is a sign that selling looks risky. An intraday trend is sideways. In the M30 time frame, I found another strong successful re-testing of our channel and a breakout of a bullish flag, which made a good buy point at the level of $1,072.00. I found a potential double bottom formation and a breakout of $1,076.50, which is likely to confirm it.The first resistance is seen at the level of $1,076.50 and second is at $1,088.70. The key resistance is seen around the level of $1,100.00.

Daily Fibonacci pivot points:

Resistance levels:

R1: 1,072.95

R2: 1,074.70

R3: 1,077.85

Support levels:

S1: 1,067.00

S2: 1,065.00

S3: 1,062.20

Trading recommendations: Watch for potential buying opportunites, selling looks risky.

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EUR/NZD analysis for December 30, 2015 Market Analysis Review

Overview:

Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5867 in a very high volume. In the daily time frame, I found a supply bar and a strong head-and-shoulders confirmed formation (a broken neckline). In the H4 time frame, the pair is trading below 50, 100, 200 SMA. I found 2 climatic actions in a background and a strong up-thrust bar in a ultra-high volume (sign of weakness). In the M30 time frame, I found confirmed bearish flag and we may expect further downward continuation. Be careful when buying EUR/NZD at this stage since lower prices are expected. I placed Fibonacci expansion to find potential support levels. I got Fibonacci expansion 61.8% at the level of 1.6070 (broken), Fibonacci expansion 100% (almost tested) at the level of 1.5840, and Fibonacci expansion 161.8% seen at the level of 1.5470. If the price breaks the level of 1.5800, we may see potential testing of 1.5470.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.5985

R2: 1.6020

R3: 1.6075

Support levels:

S1: 1.5870

S2: 1.5835

S3: 1.5780

Trading recommendations : Buying EUR/NZD looks very risky at this stage since the price confirmed the head-and-shoulders formation. Watch for potential selling opportunities.

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Elliott wave analysis of EUR/NZD for December 30, 2015 Market Analysis Review

Wave summary:

Important support at 1.5784 keeps holding firm protecting the downside as expected. We still need a breakout above the minor resistance-line near 1.6045 and more importantly a breakout above resistance at 1.6089 to confirm that wave ii was finally terminated and wave iii higher to at least 1.6968 is unfolding.

The risk of a breakout below 1.5784 that indicates that a decline from 1.9114 is over and a little more downside room is needed. As long as as the minor resistance line near 1.6089 protects the upside, this outcome can not be ruled out entirely.

Trading recommendation:

We will buy EUR at 1.5810 with stop and revers placed at 1.5780 or we will buy on a break above 1.6045 with stop placed at 1.5780.

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Elliott wave analysis of EUR/JPY for December 30, 2015 Market Analysis Review

Wave summary:

Important short-term support at 131.00 continues to protect the downside keeping our preferred count alive for a final rally higher towards 135.97 before the correction from 129.62 comes to an end and a new impulsive decline below 126.05 should be seen.

Only a direct breakout below important support at 131.00 will indicate that wave (ii) ended early at 134.59 and wave (iii) lower is already unfolding.

Trading recommendation:

As wave [ii] became slightly deeper than first expected our stop at 131.40 was hit, but we will re-buy EUR here at 131.70 with a stop and revers at 130.95.

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Global macro overview for 30/12/2015 Market Analysis Review

Global macro overview for 30/12/2015:

Encouraging data has been delivered this morning from Spain as retail sales increased for the 16th consecutive month in November amid a fall in unemployment and an improved macroeconomic landscape. According to the National Statistics Institute, the Spanish retail sales rose by 3.3% this month, following an upwardly revised advance of 6.0% last month. The gain was mainly driven by an increase in sales of household equipment which gained 4.7%, personal equipment increased by 3.6%, and retail hiring gained 1.8% (the fastest pace since Spain entered a deep recession in 2008). On the other hand, food sales declined by 0.2% on an annual basis. In overall, the better-than-expected data should be taken into account by the ECB, because it is willing to provide more support only in the light of sluggish economic recovery and low inflation . So far the data suggest the recovery in Spain continues.

The EUR/USD pair is trading slowly inside a narrow range. The next support is seen at the level of 1.0795 and next resistance is seen at the level of 1.1012.

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Global macro overview for 30/12/2015 Market Analysis Review

Global macro overview for 30/12/2015:

The OPEC published its World Oil Outlook 2015 last week which were very pessimistic for oil producers: the OPEC group does not see oil prices returning to the triple-digit territory within the next 25 years. However, the group expects oil prices to rise by an average of about $5 per a year over the course of this decade with the projected target of $80 per a barrel in 2020. After that period, oil prices will increase even slower, hitting $95 a barrel in 2040. Please notice the long-term projections are notoriously inaccurate. The variables and assumptions included in such predictions might change dramatically over time (ii: GDP, inflation/deflation, or the rate of population growth). Nevertheless, the conclusion is quite clear: the OPEC group sees prospects of rising oil supply for years, which will prevent the prices from spiking suddenly to triple digits levels.

Meanwhile, crude prices rose slightly yesterday, but the market is still trading below the short-term resistance at the level of 38.17. The next support is found at the level of 36.60.

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For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 30/12/2015 . Thanks for your support.