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Daily Technical Analysis


Current level – 1.1274

After the sell-off was limited by the support level at 1.1229, the euro regained some of its recent losses and tested the close resistance at 1.1294. At the time of writing the analysis, the test seems to be unsuccessful, but if the bulls manage to gain enough momentum and successfully breach it, the pair will most likely test the target at 1.1360. If the bears re-enter the market, a new successful attack on the support zone at 1.1229 would further deepen the decline towards the level at 1.1191 and would strengthen the negative expectations for the future path of the EUR/USD.

Resistance Support
intraday intraweek intraday intraweek
1.1294 1.1460 1.1230 1.1190
1.1360 1.1510 1.1230 1.1100


Current level – 113.52

Neither the bulls nor the bears managed to prevail and the Ninja continued to trade in the zone between 113.39 and 113.79. A bullish move above the aforementioned zone could easily pave the way for a test of the next target at 114.17. If this test is successful as well, then a rally towards 114.80 is likely to develop. In the negative direction, the first support is still the level at 113.39, followed by the critical zone at 112.58.

Resistance Support
intraday intraweek intraday intraweek
113.80 115.37 113.40 112.58
114.17 115.37 112.58 110.80


Current level – 1.3208

The support zone at 1.3184 managed to resist the bearish attack from yesterday and the Cable continued to trade above the mentioned level. If the bulls prevail, a corrective move could lead to a test of the first resistance at 1.3282, followed by the upper target at 1.3359. If the bears gain enough momentum and manage to breach the support zone at 1.3184, then the Cable will most likely suffer more losses and head towards levels at around 1.3100.

Resistance Support
intraday intraweek intraday intraweek
1.3282 1.3360 1.3180 1.3000
1.3360 1.3500 1.3100 1.2900

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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