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Daily Technical Analysis

EUR/USD

Current level – 1.1291

The rally from Friday was limited under the resistance zone at 1.1350 and now the currency pair consolidated around the current price at 1.1291. Bullish sentiments are still intact and а new test of the aforementioned zone is highly probable. Success here, could easily point the EUR to new future gains against the US dollar. If bears take control, the first support lies at 1.1200, followed by 1.1140. High volatility is expected on Thursday 18:30 CEET when the Fed Interest Rates decision is awaited.

Resistance Support
intraday intraweek intraday intraweek
1.1350 1.1400 1.1240 1.1140
1.1400 1.1510 1.1200 1.1020

USD/JPY

Current level – 108.16

In the early hours of todays’ session the pair made a precise test of the 107.90 support zone which, as expected, proved to be reliable. Price action is still dominated by the bulls, as long as prices are above 107.90. If the pair manages to bottom around these levels, 107.90 can be considered as a static support and bulls could try to reach the highs at around 109.75. However, it is possible for them to face some difficulties around the local resistance levels at 108.70 and 109.25.

Resistance Support
intraday intraweek intraday intraweek
109.94 110.00 107.90 107.37
111.50 111.64 107.90 106.80

GBP/USD

Current level – 1.2697

Similar to the other currency pairs, here the USD is once again losing positions. The price of GBP managed to breach the resistance level at 1.2638 and continues its positive run, heading to the upper important zone at 1.2800 from the bigger time frames. There a breach could pave the way for the Cable to the highs from the end of February and beginning of March around 1.3200. If bears enter the market, the first important support level for them lies at 1.2523, followed by the lower one at 1.2465.

Resistance Support
intraday intraweek intraday intraweek
1.2730 1.2880 1.2610 1.2360
1.2825 1.3000 1.2500 1.2290

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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