Thu, Sep 23, 2021 @ 05:46 GMT
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Daily Tecnical Analysis

EUR/USD

Current level – 1.1807

The euro continues to lose value against the dollar and, despite its short-term correction from Wednesday, during yesterday’s trading session the pair was down again. The forecasts are that this downward movement will continue and the pair will focus on a test of the local bottom and important support at 1.1773. The first important resistance is at 1.1891. During today’s trading session, investors’ attention will be focused on the data on the consumer price index for the Eurozone (09:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1807 1.1891 1.1750 1.1700
1.1844 1.1950 1.1717 1.1630

USD/JPY

Current level – 109.99

Although in the first hours of today’s trading session the currency pair saw an upward movement, the forecasts are that it will be short-term, after which the downward movement will continue. The first important support is the level at 109.53 and, if it is not broken, a short-term correction may follow. An important resistance is the level at 110.40.

Resistance Support
intraday intraweek intraday intraweek
110.79 111.03 109.53 109.00
111.03 111.61 109.53 108.50

GBP/USD

Current level – 1.3824

Since the beginning of the week, the currency pair is in a relatively narrow range between 1.3909 and 1.3795 and these are the critical support and resistance. As a rule, if any of them is broken, this will determine the direction of the subsequent movement. However, expectations are for a downward movement and strengthening of the dollar against the pound.

Resistance Support
intraday intraweek intraday intraweek
1.3862 1.4000 1.3795 1.3660
1.3925 1.4118 1.3750 1.3610

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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