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Daily Technical Analysis

EUR/USD

Current level – 1.1371

During yesterday’s trading session, the currency pair breached the resistance level of 1.1359 and the expectations are for the common European currency to continue to appreciate against the dollar. The first target for the bulls would be the psychological level of 1.1400 and the next one would be the resistance level of 1.1440. A breach of these levels would let the bulls attack 1.1510, at which point more sellers would likely be tempted to enter the market. In the negative direction, the first support is found at 1.1272. Today, volatility can be expected to pick up after the announcement of the U.S. core CPI data (13:30 GMT).

USD/JPY

Current level – 115.29

The Ninja did not manage to breach the resistance level of 115.63 and is now headed towards the support at 114.99. In case the second test of 114.99 proves to be successful, then the dollar will most likely further depreciate against the yen and the next target for the pair would be 114.28. In the positive direction, the mentioned level of 115.63 is the first resistance for the pair.

GBP/USD

Current level – 1.3637

The British pound continues to appreciate against the dollar as, yesterday, the Cable breached the resistance level of 1.3596. The forecast is for the pair to continue rising and to head towards the resistance zone at 1.3700, which is coming from the higher time frames. The aforementioned resistance level of 1.3596 is now acting as a first support for the pair.

EUGERMANY40

Current level – 16017

During yesterday’s trading session, the German index breached the resistance level of 15962 and, in the early hours of today’s session, it continues to rise towards the next resistance level of 16080. In case it manages to breach the next resistance, then it won’t be а surprise for anyone if the bulls attack the record level of 16280. In the negative direction, the first support now lies at 15962 and the major support remains at 15835.

US30

Current level – 36267

In the early hours of today’s trading session, the U.S. blue-chip index breached the resistance level of 36237 and, at the time of writing, is confirming the breach, which could help the bulls reach the next resistance at 36532. In case the breach is not confirmed and the sellers take over the market, then a new test of the support level at 35899 is highly possible. Today, volatility can be expected to pick up after the announcement of the U.S. core CPI data (13:30 GMT).

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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