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Daily technical analysis

EUR/USD
0.05050%
USD/JPY
0.05050%
GBP/USD
0.05050%
EUGERMANY30
0.05050%
US30
0.05050%
UK100
0.05050%

December 07, 2018

EUR/USD

Daily Technical Analysis on EUR/USD

Current level - 1.1373

We are observing a market range as yesterdays failed test at 1.1420 does not change the negative expectations. There is a possibility for a test and may be breakthrough of 1.1319. Breaking the next key zone around 1.1214 we can expect a fall to 1.1035.

resistance
intraday intraweek
1.1360 1.1500
1.1420 1.1620
support
intraday intraweek
1.1320 1.1200
1.1260 1.0850

USD/JPY

Daily Technical Analysis on USD/JPY

Current level - 112.71

The quick recovery after the fall to 112.22 doesn't change my negative expectations. The lack of new highs on the big time frames suggests a change in the market mood. Here 112.20 is a key level as it also is on a trend line. We can expect a possible correction to 112.98 and a second test of 112.20, if it gets broken the next target is 111.30.

resistance
intraday intraweek
114.00 114.50
114.20 116.20
support
intraday intraweek
113.10 112.30
112.60 111.60

GBP/USD

Daily Technical Analysis on GBP/USD

Current level - 1.2776

It seems that the pair can't find it's way after several tests of the 1.2820 zone. I expect a fall from the current levels as the target is the historically strong 1.2660. If the level gets broken the fall could extend to 1.2340.

resistance
intraday intraweek
1.2860 1.3250
1.2920 1.3440
support
intraday intraweek
1.2720 1.2660
1.2660
1.2340

EUGERMANY30

Daily Technical Analysis on EUGERMANY30

Current level - 10904

I expect a retracement to 11000 zone and renewal of the downward move. The support level is 10800 and 10500 in extension. 

resistance
intraday intraweek
11550 11700
11700 12000
support
intraday intraweek
11420 11000
11250
10830

US30

Daily Technical Analysis on US30

Current level - 24835

The late rally on the US market managed to recover substantial part of the losses accumulated in the early session and also gave investors some hope. However further upside remains fragile. The resistance is at 25000 and next one is at 25200.

resistance
intraday intraweek
26200 25860
25850 26280
support
intraday intraweek
25500 24120
25200
24120

UK100

Daily Technical Analysis on UK100

Current level - 6790

We can see a retracement to 6840 zone and a second test at 6860. Overall the mood remains negative as the benchmark is now being traded at levels at which it was back in the year 2000.

resistance
intraday intraweek
6850 7350
7110 7900
support
intraday intraweek
6680 6840
6680
6600
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