Fri, Dec 04, 2020 @ 22:40 GMT
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Daily Technical Analysis

EUR/USD

Current level – 1.1673

The euro is trying to recover against the dollar, testing resistance at 1.1676 in the early hours of today’s trading session, but so far has failed to break it. However, the forecasts are that this upward movement will continue and after the break of the mentioned resistance, the pair will move towards a test of the next one at 1.1704. The first important support is 1.1633. Today, investors will focus on the US consumer confidence data (14:00 GMT) and the economic data for the Eurozone (9:00 GMT).

 

Resistance Support
intraday intraweek intraday intraweek
1.1675 1.1760 1.1633 1.1500
1.1675 1.1830 1.1590 1.1440

USD/JPY

Current level – 105.46

The forecast is for a downward movement as the resistance at 105.59 was not broken after several tests and the pair entered a corrective phase. The first important support is the level at 105.28 and the key resistance is the aforementioned one at 105.59.

Resistance Support
intraday intraweek intraday intraweek
105.60 105.80 105.30 104.50
105.60 106.00 104.80 104.20

GBP/USD

Current level – 1.2854

The pound lost some of its value against the dollar after the pair reached resistance at 1.2920, but failed to break it. The forecast is for an upward movement and a second test of the mentioned resistance. In case of a break, the pair will go for a test of the next level of resistance at 1.3021. The first important support is at 1.2770.

Resistance Support
intraday intraweek intraday intraweek
1.2860 1.2920 1.2770 1.2530
1.2860 1.3020 1.2530 1.2440

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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