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XAU/USD

Silver

EUR/USD: 1.1420 hurdle should cap the upside

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1404

The hurdle at 1.1420 is expected to limit the upside, for another wave downwards, to 1.1260. Initial minor support lies at 1.1380.

resistance
intraday	intraweek
1.1420	1.1500
1.1500	1.1630

support
intraday	intraweek
1.1380	1.1214
1.1310	1.1100

resistance

intraday

intraweek

1.1420

1.1500

1.1630

support

intraday

intraweek

1.1380

1.1214

1.1310

1.1100

USD/JPY Current level - 107.87

The intraday bias is slightly bearish after 108.45 peak, for a slide towards 106.70. Key resistance remains projected at 108.70.

resistance
intraday	intraweek
108.70	111.45
110.20	112.20

support
intraday	intraweek
106.70	106.70
104.60	104.60

resistance

intraday

intraweek

108.70

111.45

110.20

112.20

support

intraday

intraweek

106.70

104.60

GBP/USD Current level - 1.2650

Intraday allow a brief test of 1.2710 resistance, before reversal and drowning towards 1.2540 area. Initial minor support lies at 1.2615.

resistance
intraday	intraweek
1.2710	1.2885
1.2820	1.3250

support
intraday	intraweek
1.2615	1.2420
1.2540	1.2340

resistance

intraday

intraweek

1.2710

1.2885

1.2820

1.3250

support

intraday

intraweek

1.2615

1.2420

1.2540

1.2340

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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