On last Friday, the staff at DeltaStock.com provided forex technical analysis for three currency pairs from the day prior, including the current levels of support and resistance.
Forex Technical Analysis
Current level—1.2680
Last Thursday's rise to 1.2791 was the first test of 1.2820 resistance area and the reversal at that level marks the completion of the upswing from 1.2500. The intraday bias is already negative, for a slide towards 1.2570 major support, before another rebound for one more test of 1.2820 area.
Resistance Support
intraday intraweek intraday intraweek
1.2715 1.2791 1.2820 1.2995
1.2661 1.2570 1.2500 1.2040.
Current level—107.93
Current rebound above 107.50 should be considered corrective in nature, preceding new slide towards 106.70. Initial intraday resistance is projected at 108.33, followed by the crucial one at 108.72.
Resistance Support
intraday intraweek intraday intraweek
108.33 108.72 110.08 116.60
107.40 105.70 107.40 105.70
Current level—1.6089
The intraday bias is negative after the recent reversal at 1.6225, targeting 1.6030 support zone. The latter should provoke another reversal, for an upswing towards 1.6280. Intraday resistance lies at 1.6135.
Resistance Support
intraday intraweek intraday intraweek
1.6135 1.6225 1.6280 1.6530
1.6030 1.5950 1.5950 1.5840
By the Staff at DeltaStock.com