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Daily Technical Analysis

EUR/USD

Current level – 1.1841

At the time of writing the analysis, the currency pair is testing the support zone at 1.1840 after two unsuccessful attempts of breaching the resistance at 1.1892 since the beginning of the trading week. A successful breach of this support, could give an additional incentive for the bears to attack the next support level at 1.1798. The most important economic news for today, which could affect the market sentiment, is the data on Initial jobless claims for the U.S. (13:30 GMT), as well as the data on Existing home sales for the U.S. (15:00 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1892 1.1980 1.1840 1.1760
1.1920 1.2010 1.1800 1.1626

USD/JPY

Current level – 103.72

The sentiment remains negative after the bears managed to overcome the support zone at 104.18. The next target is the level of 103.20 and a successful violation of this level would further deepen the bearish sentiment, thus paving the way towards the next support located at around 102.00. In the positive direction, only a breach above the resistance level at 104.85 could reverse the market sentiment.

Resistance Support
intraday intraweek intraday intraweek
104.18 104.85 103.20 102.20
104.43 105.45 103.07 102.20

GBP/USD

Current level – 1.3221

The bears managed to enter the market after the bulls failed to overcome the resistance at 1.3309. At the time of writing, the currency pair is testing the support zone at 1.3225, and it is possible to witness a deeper sell-off if the U.S. dollar manages to gain momentum. The next more significant support for the Cable is found at 1.3170, followed by the one at 1.3117.

Resistance Support
intraday intraweek intraday intraweek
1.3273 1.3309 1.3225 1.3117
1.3309 1.3400 1.3170 1.3021

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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