Sat, Nov 28, 2020 @ 07:27 GMT
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Daily Technical Analysis


Current level – 1.1818

The bears managed to breach the support level at 1.1825 and this zone is now acting as resistance for the currency pair. The ongoing consolidation below that level may continue until investors find clearer signs for market entry, which could form a range between 1.1746 – 1.1880. If the bulls manage to gain momentum and breach the resistance at 1.1880, we may expect an attack on the next significant zone at 1.2000. The most important economic news that could have an impact on the market and increase its volatility is the data on Durable Goods Orders Ex Transportation for the U.S. (12:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1825 1.2000 1.1791 1.1708
1.1880 1.2100 1.1746 1.1676


Current level – 104.69

The currency pair continues its range-bound trading within the 104.30 – 105.00 range and, at the time of writing this analysis, the market participants are unable to head in a clear direction. A violation of the upper border of the mentioned range would give bulls an incentive to attack the next zone of resistance at 105.30, which would paint a bullish picture and may lead to another attack on the levels around 106.00.

Resistance Support
intraday intraweek intraday intraweek
105.01 105.51 104.50 104.00
105.36 105.77 104.00 103.00


Current level – 1.3031

The bulls managed to limit the sell-off to the support level at 1.3010. If the devaluation of the dollar continues, the resistance zone at 1.3065 should not present a serious obstacle for the bulls, which in turn will be an additional incentive to attack the levels at around 1.3144.

Resistance Support
intraday intraweek intraday intraweek
1.3065 1.3288 1.3010 1.2831
1.3144 1.3350 1.2891 1.2772

DeltaStock Inc.
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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