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Daily Technical Analysis


Current level – 1.1753

The euro lost its value against the dollar at the beginning of the trading session and this trend continues in the first hours of today, when the pair reached 1.1736, which is an important support. The expectations are for this support to last and for subsequent upward movement as the first resistance is at 1.1828. During today’s trading session, the investors’ attention will be drawn to the data on the Consumer Price Index for the Eurozone (09:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1780 1.1860 1.1720 1.1500
1.1830 1.1900 1.1620 1.1400


Current level – 105.04

The pair managed to get out of the range in which it traded for more than a month – 107 – 105.05, reaching a value of 104.78. At the beginning of today’s trading session a correction followed and at the time of writing the analysis, the pair is at the key lower limit of the mentioned range – 105.05. It is quite likely that this resistance will be broken and the pair will return to trading within the range.

Resistance Support
intraday intraweek intraday intraweek
105.30 106.00 104.80 103.20
105.60 106.45 104.20 101.00


Current level – 1.2913

The pound managed to reach 1.30 in yesterday’s trading session, but at the beginning of today’s lost some of its value. At the time of writing the analysis, however, it has recovered almost all gains from yesterday. The forecasts are for an upward movement, but to a large extent this will depend on today’s Bank of England Interest Rate Decision (11:00 GMT). The first important resistance is at 1.3020.

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