Sat, Nov 27, 2021 @ 11:19 GMT
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Daily Technical Analysis


Current level – 1.1605

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 – 111.08

After the increase from the previous week, we witnessed a corrective move, which currently remains limited above the support level of 110.77. If the bulls succeed in establishing themselves on the market, we can expect a resumption of the upward move towards the local peak area of 112.00. On the other hand, in the event of a deepening sell-off, the first significant support would lie at 110.40.

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


Current level – 1.3601

Part of the lost positions for the pound were recovered after the bulls managed to limit the sell-off down to the support level of 1.3422 at the end of last week. At the time of writing, the currency pair consolidated to just below the resistance of 1.3609 and a successful breach of the mentioned level would strengthen the positive sentiment, with the more significant goal being reaching and testing the significant resistance zone of 1.3752.

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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