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Daily Technical Analysis

EUR/USD

Current level – 1.2284

In the first hours of today’s trading session, the pair tested and briefly breached the important resistance at 1.2309, but in the end failed to stay above it and a sharp sell-off of the euro followed. It is possible that the test of the mentioned resistance at 1.2309 will be repeated during the day and, if the price again fails to stay above it, this will be a clear signal of an impending downward movement. The first support is the level of 1.2270. Today, investors’ attention will be focused on ADP’s data on non-farm employment change for the United States (13:15 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.2309 1.2430 1.2270 1.2084
1.2309 1.2500 1.2161 1.1989

USD/JPY

Current level – 102.79

The dollar continues to lose value against the yen, reaching levels of 102.57 at the beginning of today’s trading session. The forecast is for this downward movement to continue and for the pair to go for a test of the critical support at 101.20. The first important resistance is the level of 103.01.

Resistance Support
intraday intraweek intraday intraweek
103.01 103.72 102.60 101.20
103.49 104.03 101.20 101.00

GBP/USD

Current level – 1.3598

After reaching another local peak at 1.3701 during the first trading session of the week, the currency pair is found in a consolidation phase, but forecasts are for a continuation of the upward movement, a test of the mentioned peak at 1.3701 and, in case of a breach – a test of the next resistance at 1.3770 as well. The first important support is the level of 1.3539.

Resistance Support
intraday intraweek intraday intraweek
1.3701 1.3770 1.3540 1.3497
1.3701 1.3800 1.3540 1.3446

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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