EUR/USD

Current level – 1.1069

After the bounce from the support at 1.0993 and the break of the resistance at 1.1059, the pair is consolidating. Today the EUR/USD should trade in a narrow range as investors await the Federal Reserve interest rate decision (19:00 UK time). As of the current moment, the odds are in favour of a rate cut , but if the FED surprises the markets, we could witness the USD gain ground against the EUR.

Resistance Support
intraday intraweek intraday intraweek
1.1059 1.1160 1.0993 1.0930
1.1100 1.1200 1.0930 1.0900

USD/JPY

Current level – 108.22

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The pair is still struggling to break the resistance at 108.25. Expectations are for a move to the downside and a test of the support at 107.58. However, if the USD/JPY manages to break the major resistance at 108.25, the pair should go for a test of the next important one at 109.00.

Resistance Support
intraday intraweek intraday intraweek
108.25 108.80 107.50 106.40
108.80 109.50 107.00 105.80

GBP/USD

Current level – 1.2489

The break of the resistance at 1.2502 is not yet confirmed and, if the pair remains below these levels, we should soon see a test of the support at 1.2382. On the uptrend, the next resistance after 1.2502 is at 1.2580.

Resistance Support
intraday intraweek intraday intraweek
1.2500 1.2560 1.2380 1.2170
1.2560 1.2640 1.2270 1.1975

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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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