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Silver

EUR/USD: A break through 1.0700 will target 1.0570 low

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.0716

Yesterday's "double top"formation at 1.0777 signals a reversal and the intraday outlook is bearish, for a break through 1.0700 static support, towards 1.0570 low. Crucial resistance lies at 1.0740.

resistance
intraday	intraweek
1.0740	1.0828
1.0828	1.0904

support
intraday	intraweek
1.0700	1.0600
1.0600	1.0490

resistance

intraday

intraweek

1.0740

1.0828

1.0904

support

intraday

intraweek

1.0700

1.0600

1.0490

USD/JPY Current level - 109.26

My intraday outlook is positive above 109.09, for a rise towards 110.10. Crucial on the downside is 108.70.

resistance
intraday	intraweek
109.40	113.50
110.10	115.65

support
intraday	intraweek
109.09	107.80
108.70	105.80

resistance

intraday

intraweek

109.40

113.50

110.10

115.65

support

intraday

intraweek

109.09

107.80

108.70

105.80

GBP/USD Current level - 1.2808

Still in the consolidation pattern below 1.2904 peak and the intraday outlook is rather bearish, for a break through 1.2770, towards 1.2705 area.

resistance
intraday	intraweek
1.2904	1.3000
1.3000	1.3500

support
intraday	intraweek
1.2770	1.2610
1.2705	1.2510

resistance

intraday

intraweek

1.2904

1.3000

1.3500

support

intraday

intraweek

1.2770

1.2610

1.2705

1.2510

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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