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EUR/USD: Allow an intraday pullback to 1.0710 support

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.0772

The pair is currently testing the previous peak at 1.0780 and a failure here will result in an intraday slide towards 1.0710 support zone. The overall bias on the senior frames remains positive above 1.0600, for a rise towards 1.0870.

resistance
intraday	intraweek
1.0780	1.0870
1.0870	1.0945

support
intraday	intraweek
1.0712	1.0600
1.0600	1.0490

resistance

intraday

intraweek

1.0780

1.0870

1.0945

support

intraday

intraweek

1.0712

1.0600

1.0490

USD/JPY Current level - 112.52

The bias is negative below 112.90, for a slide towards 111.60. Crucial on the upside is 113.50 hurdle.

resistance
intraday	intraweek
112.90	115.65
114.50	118.65

support
intraday	intraweek
111.60	111.60
111.60	110.30

resistance

intraday

intraweek

112.90

115.65

114.50

118.65

support

intraday

intraweek

111.60

110.30

GBP/USD Current level - 1.2430

Despite the positive bias, my outlook here is rather negative, for a break through 1.2376 crucial low, towards 1.2300 and even 1.2250 support zone.

resistance
intraday	intraweek
1.275	1.2570
1.2570	1.2570

support
intraday	intraweek
1.2376	1.2107
1.2250	1.1984

resistance

intraday

intraweek

1.275

1.2570

support

intraday

intraweek

1.2376

1.2107

1.2250

1.1984

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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