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Daily Technical Analysis

EUR/USD

Current level – 1.1832

During yesterday’s trading session, the currency pair broke the resistance at 1.1877 and went for a test of the next resistance at 1.1940, but failed to reach it and a euro sell-off followed. By the end of the day, the currency pair had closed at levels close to its opening values. In the first hours of today’s trading session, there was a slight recovery in the value of the euro against the dollar, but forecasts are for a negative movement and a test of the first important support at 1.1780.

Resistance Support
intraday intraweek intraday intraweek
1.1840 1.1940 1.1780 1.1700
1.1880 1.2000 1.1740 1.1440

USD/JPY

Current level – 106.13

The currency pair continues to trade in a narrow range (105.80 -106.50) since the beginning of the month, but the forecasts are for a downward movement and a violation of the lower border of the range, which also acts as a key support – 105.80. The first important resistance is the upper border of the range – the level of 106.50.

Resistance Support
intraday intraweek intraday intraweek
106.45 106.94 106.00 104.70
106.45 107.20 105.30 104.22

GBP/USD

Current level – 1.2820

After the pound collapsed against the dollar with two and a half figures during the last trading session, the expectations during today’s session are for a short-term correction to the level of about 1.2880, which is also the first important resistance. The forecast is then for the downward movement to continue and for the local bottom of 1.2770 from yesterday, which is also an important support level, to be tested.

Resistance Support
intraday intraweek intraday intraweek
1.2880 1.3180 1.2770 1.2640
1.3050 1.3250 1.2640 1.2530

DeltaStock Inc.
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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