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Forex Technical Analysis


EUR/USD

Current level – 10527

Yesterday’s slide reached a local low at 1.0512 and current rebound should be considered corrective, preceding another leg downwards, to 1.0450. Intraday allow one more upswing before renewal of the downtrend.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek

1.0580

1.0705

1.0512

1.0500

1.0630

1.0870

1.0450

1.0350

USD/JPY

Current level – 114.16

The bias remains positive, for a rise towards 114.95, en route to 115.60 area. Crucial support lies at 113.37.

Resistance Support
intraday intraweek intraday intraweek

114.95

118.65

113.37

111.40

115.60

120.00

111.60

109.80

GBP/USD

Current level – 1.2276

The downtrend is intact, ready for a test of 1.2240 support zone. I favor a break through the latter and continuation of the slide towards 1.2120. Initial intraday resistance lies at 1.2325, followed by the crucial 1.2400.

Resistance Support
intraday intraweek intraday intraweek

1.2325

1.2570

1.2240

1.2240

1.2400

1.2705

1.2120

1.1984

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DeltaStock Inc.http://www.deltastock.com/
These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Delta Stock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice.

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