TRENDING:

XAU/USD

Silver

EURUSD: Bearish, for slide towards 1.1300

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1465

No change here, as the pair continues to struggle above 1.1430 support and I favor a break through the latter to initiate a slide towards 1.1300.

resistance
intraday	intraweek
1.1480	1.1835
1.1550	1.2010

support
intraday	intraweek
1.1430	1.1430
1.1300	1.1300

resistance

intraday

intraweek

1.1480

1.1835

1.1550

1.2010

support

intraday

intraweek

1.1430

1.1300

USD/JPY Current level - 112.57

Yesterday's slide bottomed precisely at 111.90 support and current rebound should be considered corrective, preceding another dip, to 111.60 zone.

resistance
intraday	intraweek
112.80	114.40
113.50	114.40

support
intraday	intraweek
111.90	111.65
111.65	110.40

resistance

intraday

intraweek

112.80

114.40

113.50

114.40

support

intraday

intraweek

111.90

111.65

110.40

GBP/USD Current level - 1.2978

The downtrend is still underway and the outlook is bearish, for a dip to 1.2870 zone. Crucial on the upside is 1.3100 hurdle.

resistance
intraday	intraweek
1.3010	1.3440
1.3100	1.3440

support
intraday	intraweek
1.2950	1.2570
1.2870	1.2570

resistance

intraday

intraweek

1.3010

1.3440

1.3100

1.3440

support

intraday

intraweek

1.2950

1.2570

1.2870

1.2570

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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