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EUR/USD: Expect a slide towards 1.1110 low

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1178

My outlook here is bearish, for a break through 1.1170 hurdle, towards 1.1110 low, en route to 1.1015 target zone. Crucial on the upside is 1.1220.

resistance
intraday	intraweek
1.1220	1.1330
1.1275	1.1450

support
intraday	intraweek
1.1170	1.1010
1.1110	1.0860

resistance

intraday

intraweek

1.1220

1.1330

1.1275

1.1450

support

intraday

intraweek

1.1170

1.1010

1.1110

1.0860

USD/JPY Current level - 109.66

The rebound above 109.00 is obviously corrective in nature, thus preceding another dip to 108.50 zone. Key resistance lies at 110.30.

resistance
intraday	intraweek
110.30	113.20
111.65	114.50

support
intraday	intraweek
109.00	108.50
108.50	107.40

resistance

intraday

intraweek

110.30

113.20

111.65

114.50

support

intraday

intraweek

109.00

108.50

107.40

GBP/USD Current level - 1.2787

The downtrend is intact, heading towards 1.2690 area. Initial minor resistance lies at 1.2810-15 and crucial on the upside is 1.2890.

resistance
intraday	intraweek
1.2810	1.2960
1.2890	1.3170

support
intraday	intraweek
1.2770	1.2690
1.2690	1.2690

resistance

intraday

intraweek

1.2810

1.2960

1.2890

1.3170

support

intraday

intraweek

1.2770

1.2690

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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