Wed, Dec 02, 2020 @ 00:11 GMT
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Daily Technical Analysis

EUR/USD

Current level – 1.1847

The unsuccessful break of the resistance at 1.1900 gave the bears an incentive to push the price back to the 1.1830 support level. However, bulls should successfully limit the sales around the current level, with sentiments still positive for a breakout of the mentioned resistance and attacking the levels around 1.2000. During today’s trading session, the focus will be on the data for the Fed interest rate decision (18:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1860 1.1940 1.1830 1.1740
1.1900 1.2000 1.1780 1.1700

USD/JPY

Current level – 105.27

Since the beginning of the trading week, the dollar continues to lose ground against the Japanese yen, as the bears successfully overcame the resistance at 106.00, followed by 105.80. At the time of writing, the currency pair is testing the support zone at 105.30. If the level is overcomed successfully, there could be an increase of the bearish sentiments and a further decline to the next support zone at 104.80.

Resistance Support
intraday intraweek intraday intraweek
105.60 106.30 105.30 104.70
106.00 106.45 105.00 104.20

GBP/USD

Current level – 1.2902

The depreciation of the dollar since the beginning of the week and the unsuccessful break of the support zone at 1.1770 led to a test of the zone of the first resistance at 1.2920, after the big sell-off from the previous week. The Fed interest rate decision (18:00 GMT) would have a serious impact on the movement of the currency pair.

Resistance Support
intraday intraweek intraday intraweek
1.2920 1.3150 1.2770 1.2640
1.3050 1.3290 1.2640 1.2530

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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