EUR/USD

Current level – 1.0865

The pair managed to break the resistance at 1.0870, but then could not reach the next one at 1.0906 and consolidate by even testing again the level of 1.0870 which has already become support. The euro is projected to strengthen its position against the dollar and the pair to test and break the resistance at 1.0906 followed by 1.0941. The results of the New Homes Sales in the USA, which are expected today at 17:00 EET, could contribute to more volatility for the pair.

Resistance Support
intraday intraweek intraday intraweek
1.0870 1.0940 1.0815 1.0700
1.0906 1.0970 1.0780 1.0670

USD/JPY

Current level – 110.44

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The important support at 109.97 managed to hold the yen’s momentum from the last days, and now the dollar is expected to take the upper hand and the pair to move to the resistance at 111.66. If it breaks it – to the next one at 111.66. If the support at 109.97 is broken, the pair will have to break the one in the 109.50-60 zone as well, if we are to speak about the reverse of the uptrend from104.42.

Resistance Support
intraday intraweek intraday intraweek
111.00 112.15 110.00 108.80
111.60 113.70 109.60 108.30

GBP/USD

Current level – 1.2984

The currency pair is on an uptrend after breaking through resistance at 1.2941 and 1.2975 – now important support. The upward movement is expected to continue and the pound to test the next major resistance at 1.3160. In the downward direction, the first supports are the above mentioned levels of 1.2941 and 1.2975.

Resistance Support
intraday intraweek intraday intraweek
1.3000 1.3150 1.2940 1.2870
1.3060 1.3200 1.2870 1.2770

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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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