EUR/USD

Current level – 1.1051

After ECB’s decision to keep monetary policy unchanged, the euro slid against the dollar and found support around 1.1040. The downtrend is still in force but, before the price tries to target 1.0980, we should see a retracement that would probably remain limited below 1.1080. Today substantial moves can be expected around the release of the preliminary manufacturing and services PMIs (09:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1070 1.1130 1.1040 1.0980
1.1100 1.1170 1.1000 1.0980

USD/JPY

Current level – 109.43

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The uptrend here lost a bit of momentum and now the pair is trading a little under the resistance zone 109.55-109.75. Intraday support is at 109.20 and the support from the bigger time frames is at 108.80. The drop from the last days can be considered as a retracement and after its completion, we should see a rise towards 110.20 and 110.65 in addition

Resistance Support
intraday intraweek intraday intraweek
109.55 110.22 109.20 108.80
109.75 111.65 109.20 107.90

GBP/USD

Current level – 1.3120

The consolidation that is developing since the end of last year looks completed and a test of the resistance at 1.3260 is in the scope. The main support for the swing is 1.3057 and the intraday one is at 1.3100. Traders will monitor today’s data on preliminary manufacturing and services PMI for the UK (09:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.3145 1.3210 1.3060 1.2960
1.3210 1.3260 1.3000 1.2790

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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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