Mon, Nov 29, 2021 @ 12:02 GMT
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Daily Technical Analysis


Current level – 1.1608

Last week’s sell-off seems to have been limited by the support zone at 1.1562 for now and, during the early hours of today`s trading, the EUR/USD is testing the resistance zone at 1.1601. If the bulls gain enough momentum and manage to keep the pair above the aforementioned level, the recovery will most likely continue towards the resistance at 1.1686. However, if the bears regain control of the market and manage to violate the zone of support, located at 1.1562, new losses for the common European currency against the greenback can be expected..This week, the most important news which the market participants will be focusing on is the unemployment rate and the change in the non-farm payrolls data (Friday; 13:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1686 1.1752 1.1601 1.1420
1.1708 1.1782 1.1562 1.1410


Current level – 110.89

At the end of last week, the bears prevailed and the dollar lost quite a bit of ground against the yen. At the time of writing, the USD/JPY is trading the support zone at 111.01, but only a successful breach of the lower target at 110.77 could lead to a more continuous corrective move towards the level of 110.39. If the bearish momentum fades, the Ninja will most likely rally towards the resistance zone of 111.63, followed by the level of 112.00.

Resistance Support
intraday intraweek intraday intraweek
111.01 112.00 110.77 110.00
111.63 113.50 110.39 109.69


Current level – 1.3534

The bulls entered the market and the sterling recovered some of its recent losses against the dollar. The currency pair breached the resistance zone of 1.3520 and, if the bullish predominance continues, a future rally towards 1.3609, followed by a test of the zone at 1.3676, would be the most probable scenario. In case a more negative scenario develops, the first target for the bears can be found at the mentioned level of 1.3520, which is now acting as a support. A successful violation of the level at 1.3422 could deepen the sell-off towards the levels at around 1.3315.

Resistance Support
intraday intraweek intraday intraweek
1.3609 1.3752 1.3520 1.3400
1.3676 1.3803 1.3422 1.3250

DeltaStock Inc.
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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