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Daily Technical Analysis

EUR/USD

Current level – 1.2143

During yesterday’s trading session, the dollar rose against the euro, with the currency pair entering a correction after initially rising from 1.1985. In the first hours of today’s trading session, however, the euro strengthened its position against the dollar and the forecasts are for the upward movement to return and for the pair to focus on the first important resistance at 1.2170. A critical support is the level of 1.2126. Today, investors’ attention will be focused on the data on the ZEW economic sentiment for Germany (09:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.2170 1.2270 1.2126 1.1950
1.2230 1.2300 1.2066 1.1899

USD/JPY

Current level – 108.86

The dollar rose against the yen in the last trading session, but in our opinion, this movement is only corrective in nature and the downward movement will soon continue. The yen is projected to move towards the key support level at 107.80. The first important resistance is the level of 109.40.

Resistance Support
intraday intraweek intraday intraweek
109.01 109.60 108.76 108.20
109.40 110.52 108.48 107.80

GBP/USD

Current level – 1.4123

In the last two trading sessions, the pound rose against the dollar and is projected to continue. A short-term correction to the level of the key support of 1.4005 is possible. However, if this level remains unbreached and the price stays above it, the upward movement should continue and the pair will most likely head towards a test of the important resistance and a local high of 1.4240.

Resistance Support
intraday intraweek intraday intraweek
1.4140 1.4300 1.4005 1.3861
1.4240 1.4350 1.3913 1.3792

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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