Mon, Nov 29, 2021 @ 12:25 GMT
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Daily Technical Analysis


Current level – 1.1557

The common European currency continues to depreciate against the dollar and, yesterday, the pair violated the support level of 1.1562. The expectations are for the downtrend to continue, leading the EUR/USD towards a test of the support level of 1.1500, which is coming from the higher time frames. In the positive direction, the previously mentioned level of 1.1562 is now acting as a resistance for the pair. During today’s session, volatility will most likely spike after the announcement of the initial jobless claims data for the U.S. at 12:30 GMT.

Resistance Support
intraday intraweek intraday intraweek
1.1562 1.1708 1.1550 1.1550
1.1628 1.1752 1.1500 1.1490


Current level – 111.33

During yesterday’s trading session, the currency pair made an unsuccessful attempt at breaching the support level of 111.28 and now the expectations are for the bulls to prevail and approach the resistance level of 111.63 and, possibly, the local high at 112.00. In the negative direction, the first support lies at 111.28.

Resistance Support
intraday intraweek intraday intraweek
111.63 112.00 111.28 110.77
112.00 113.50 110.77 110.39


Current level – 1.3588

The sterling managed to partially recover its losses against the dollar in the first half of the week and is currently in a consolidation phase just below the resistance level of 1.3609. The expectations are for the Cable to test and violate the level of 1.3609, which would strengthen the positive sentiment and pave the way for an attack on the resistance zone of 1.3752. In the negative direction, the first support lies at 1.3520.

Resistance Support
intraday intraweek intraday intraweek
1.3609 1.3803 1.3520 1.3520
1.3676 1.3878 1.3422 1.3422

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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