Stoyan Mihaylov
DeltaStock.com
Date: 26.08.2016
Current level - 1.1290
The unsuccessful test of the 1.1360 resistance sets a bearish bias for the EUR/USD next move. We anticipate that the pair will head south to the 1.1230 support and 1.1050 next. First important resistance is the 1.1360-80 zone.
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Current level - 100.46
The negative bias for the USD/JPY is set to continue in the short-term. In case the 99.60-100 support zone proves difficult to overcome, the pair could be pushed back into the 100.50-102.70 trading range.
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GBP/USD
Current level - 1.3203
After the unsuccessful test of the 1.3160 support, the trend is positive for a test of 1.3370.
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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 Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Deltastock 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. Deltastock 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria, Reg. No. RG-03-01
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