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Daily Tecnical Analysis


Current level – 1.1770

The depreciation of the single European currency against the U.S. dollar continues, as at the time of writing, bears are testing the support zone at around 1.1773. A successful breach of the mentioned level could deepen the sell-off and lead to a test of the next support level at 1.1700, followed by the support area at 1.1600. The first significant resistance in the upward direction is the level at around 1.1880. There is no planned economic news for today that would affect the performance of the currency pair.

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


Current level – 109.87

The depreciation of the U.S. dollar against the Japanese yen was limited to just below the support level at 109.53, followed by a correction. It is possible to witness a consolidation above the 109.72 resistance level and a possible appreciation, which the bears will most likely be able to limit below the resistance level at 110.30. According to the higher time frames, the main support is the level of 109.00.

Resistance Support
intraday intraweek intraday intraweek
110.30 111.12 109.72 108.55
110.60 111.61 109.20 108.10


Current level – 1.3605

The sell-off from the past few days has gained momentum as the pound continues to lose ground against the U.S. dollar from the beginning of today’s trading session. The breach of the 1.3665 support zone strengthened the bearish sentiment and the most probable scenario for today is another attack on the support at 1.3570. A successful breach of the mentioned level could pave the way towards the first support zone from the higher time frames at around 1.3500.

Resistance Support
intraday intraweek intraday intraweek
1.3665 1.3800 1.3570 1.3450
1.3739 1.3894 1.3500 1.3400

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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