EUR/USD

Current level – 1.1137

The dollar fell sharply as the US-China trade war escalated yet again. EUR/USD managed to break through the key resistance level at 1.1114 and is now headed for a second test of the next resistance at 1.1155. Another breakthrough at this level would confirm the positive outlook and would pave the way up to 1.1221. In the opposite direction, 1.1114 should act as the new support level.

Resistance Support
intraday intraweek intraday intraweek
1.1155 1.1250 1.1114 1.1020
1.1221 1.1300 1.1066 1.0960

USD/JPY

Current level – 105.13

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A break below the support level at 106.25 ended the recent range the currency pair was trading in. The dollar should continue to lose ground against the yen if the levels around 105.18 do not hold.

Resistance Support
intraday intraweek intraday intraweek
106.25 107.50 105.18 104.55
107.50 108.50 104.55 104.00

GBP/USD

Current level – 1.2266

The outlook for the British Pound remains positive for a test of the resistance level at 1.2380. A key support level is 1.2206.

Resistance Support
intraday intraweek intraday intraweek
1.2380 1.2450 1.2206 1.2014
1.2380 1.2520 1.2100 1.1900

Previous articleGold Gears To New Highs, Looks Cautiously Bullish In Short-Term
Next articleEUR/CHF Daily Outlook
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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