Thu, Sep 23, 2021 @ 05:52 GMT
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Daily Tecnical Analysis


Current level – 1.1792

Yesterday’s decline was limited to the support zone at 1.1773 and, at the time of writing, the EUR/USD is still holding above the mentioned level. The pair is trading just under the resistance at 1.1805 and, if the bulls gain enough momentum and breach it, a correction towards the next target at 1.1849 might develop.. The current sentiment and expectations remain negative and, if the bears remain in control and manage to successfully violate the support at 1.1773, we will most likely witness new losses for the euro against the dollar and a deeper sell-off targeting the levels at 1.1717.

Resistance Support
intraday intraweek intraday intraweek
1.1805 1.1879 1.1770 1.1690
1.1849 1.1944 1.1717 1.1600


Current level – 109.50

The U.S. dollar continued to lose ground against the yen during yesterday’s session and the pair violated the support at 109.53. At the time of writing, the Ninja is confirming the mentioned breach and, if it is successful, the sell-off should continue forward with full steam, thus strengthening the negative expectations for the future path of the USD/JPY. The first target for the bulls can be found at the level of 109.72, but only a successful breach of the resistance at 110.60 could lead to а change in the current sentiment and help the greenback recover against the yen.

Resistance Support
intraday intraweek intraday intraweek
109.72 110.60 109.20 108.55
110.30 111.12 108.55 108.10


Current level – 1.3668

The test of the support level at 1.3739 was successful and the sterling lost quite a bit of ground against the dollar. During the early hours of today`s trading, the Cable is holding positions above the lower support zone at 1.3665 and, if the bearish attack continues, we will most likely see the mentioned support breached.. This would easily deepen the sell-off and push the Cable towards the February lows of 1.3600. The first target for the buyers is the level of 1.3739, which is now acting as a resistance, followed by the zone at 1.3800.

Resistance Support
intraday intraweek intraday intraweek
1.3739 1.3857 1.3670 1.3560
1.3800 1.3894 1.3610 1.3450

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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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