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Daily Technical Analysis

EUR/USD

Current level – 1.2142

The currency pair tested the key resistance at 1.2155, but any breach attempts have so far been unsuccessful. The forecasts are for this resistance to withstand the bullish pressure and for the euro to lose some of its value against the dollar as the pair is currently aiming for a test of the first important support at 1.2058. Today, investors’ attention will be focused on the data on the preliminary GDP and the data on the ZEW economic sentiment for the Eurozone (10:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.2155 1.2230 1.2098 1.2011
1.2121 1.2300 1.2058 1.1957

USD/JPY

Current level – 105.58

The dollar has appreciated against the yen in the last few trading sessions and the pair prepares to test the significant resistance at 105.62. It is expected for this resistance to be breached, but a short correction might develop before that. After this, the pair might most likely aim for a test of the next important resistance at 106.70. The first support is the level of 105.15.

Resistance Support
intraday intraweek intraday intraweek
105.62 106.70 105.15 104.19
105.62 107.40 104.59 103.39

GBP/USD

Current level – 1.3943

The pound continues its upward trend against the dollar and, at the beginning of today’s trading session, the pound continued to appreciate against the greenback. The forecast is for a short- to medium-term correction, after which the upward trend is expected to continue and the pair will most likely aim for a test of key resistance at 1.4200. The first important support is the level of 1.3863.

Resistance Support
intraday intraweek intraday intraweek
1.4000 1.4000 1.3863 1.3740
1.4000 1.4100 1.3820 1.3688

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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