TRENDING:

XAU/USD

Silver

Daily Technical Analysis

Stoyan Mihaylov DeltaStock.com

Date: 26.08.2016

EUR/USD

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.

resistance
intraday	intraweek
1.1380	1.1380
1.1430	1.1430

support
intraday	intraweek
1.1155	1.0950
1.1040	1.0820

resistance

intraday

intraweek

1.1380

1.1430

support

intraday

intraweek

1.1155

1.0950

1.1040

1.0820

USD/JPY

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.

resistance
intraday	intraweek
101.70	103.96
102.70	106.70

support
intraday	intraweek
100.00	100.00
99.20	98.90

resistance

intraday

intraweek

101.70

103.96

102.70

106.70

support

intraday

intraweek

100.00

99.20

98.90

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.

resistance
intraday	intraweek
1.3160	1.3370
1.3160	1.3290

support
intraday	intraweek
1.2865	1.2790
1.2790	1.2500

resistance

intraday

intraweek

1.3160

1.3370

1.3160

1.3290

support

intraday

intraweek

1.2865

1.2790

1.2500

Author

Stoyan Mihaylov

DeltaStock.com

Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.

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