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Daily Technical Analysis

by Stoyan Mihaylov



Date: 25.09.2017

EUR/USD Current level - 1.1933

The intraday bias is neutral as the pair is trading in the middle of 1.1830-1.2070 range. I favor a break on the upside to target 1.2070, en route to 1.2240.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.2030 1.2160
1.2070 1.2500
support
intraday intraweek
1.1860 1.1830
1.1830 1.1660

USD/JPY Current level - 112.15

My outlook here is bearish below 112.80, for a slide towards 111.10 hurdle. 

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
112.80 112.80
112.80 114.50
support
intraday intraweek
111.10 108.12
109.30 107.30

GBP/USD Current level - 1.3543

The support at 1.3440 is still intact and the bias is positive above that area, for a break through 1.3635, towards 1.3830 zone.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3630 1.3650
1.3650 1.3830
support
intraday intraweek
1.3440 1.3340
1.3340 1.3150

EUGERMANY30 Current level - 12578

The recent slide failed to reach 12480 support area and the intraday bias is neutral. Key resistance remains projected at 12680.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
12680 12680
12620 13000
support
intraday intraweek
12470 11850
12340 11420

US30 Current level - 22325

The outlook here is bearish, for a break through 22300, towards 22230 area. Initial intraday resistance lies at 22375.

Forex Technical Analysis on US30

resistance
intraday intraweek
22375 22500
22500 22500
support
intraday intraweek
22300 22080
22230 21700
Stoyan Mihaylov Our Financial Analyst at Deltastock, Stoyan Mihaylov has an eight-year background as a senior FX Dealer, trading spot and outright forwards. Since May 2006, Stoyan has been providing daily, weekly and mid-term analyses on the Foreign Exchange Market. He has also been reading lectures on FX Fundamental and Technical Analyses in major Bulgarian Universities. Stoyan Mihaylov has graduated MBA in the University of Economics – Varna, Bulgaria.
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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, Deltastock's Analyst Deptartment also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.

Deltastock AD 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. Deltastock AD 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 prior notice.