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Silver

EUR/USD: 1.2540 hurdle should provoke a pullback towards 1.2390

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.2490

The sharp reversal at 1.2270 led to a break through 1.2390 peak and currently the pair is heading for a test of 1.2540 peak. Initial pullback is expected, to 1.2390 area.

resistance
intraday	intraweek
1.2540	1.2540
1.2540	1.2870

support
intraday	intraweek
1.2460	1.2210
1.2390	1.2090

resistance

intraday

intraweek

1.2540

1.2870

support

intraday

intraweek

1.2460

1.2210

1.2390

1.2090

USD/JPY Current level - 106.44

The bias remains bearish, for a slide to 105.90-40 area. Crucial on the upside is 107.50.

resistance
intraday	intraweek
107.50	111.90
109.70	113.40

support
intraday	intraweek
105.90	105.90
105.40	105.40

resistance

intraday

intraweek

107.50

111.90

109.70

113.40

support

intraday

intraweek

105.90

105.40

GBP/USD Current level - 1.4055

The break through 1.3920 points to another test of 1.4090 hurdle and an eventual break through the later will challenge 1.4280. Initial intraday support lies at 1.3920.

resistance
intraday	intraweek
1.4090	1.4280
1.4175	1.4340

support
intraday	intraweek
1.3920	1.3760
1.3760	1.3620

resistance

intraday

intraweek

1.4090

1.4280

1.4175

1.4340

support

intraday

intraweek

1.3920

1.3760

1.3620

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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