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EUR/USD: Bearish below 1.1510, for 1.1300 area

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1450

The slide through 1.1509 shows, that the prolonged consolidation since the end of May is over and the outlook is bearish, for a dip to 1.1300 area. Initial hurdle lies at 1.1510.

resistance
intraday	intraweek
1.1510	1.1750
1.1640	1.1830

support
intraday	intraweek
1.1430	1.1300
1.1300	1.1300

resistance

intraday

intraweek

1.1510

1.1750

1.1640

1.1830

support

intraday

intraweek

1.1430

1.1300

USD/JPY Current level - 110.87

The downtrend is still intact, but a break through 111.20 will signal a reversal for 113.20.

resistance
intraday	intraweek
111.20	114.50
113.20	114.50

support
intraday	intraweek
110.25	110.25
110.25	109.30

resistance

intraday

intraweek

111.20

114.50

113.20

114.50

support

intraday

intraweek

110.25

109.30

GBP/USD Current level - 1.2745

The downtrend is intact, heading towards 1.2570-2620 area. Initial resistance lies at 1.2770, followed by the crucial one at 1.2850.

resistance
intraday	intraweek
1.2770	1.2970
1.2850	1.3210

support
intraday	intraweek
1.2730	1.2570
1.2630	1.2570

resistance

intraday

intraweek

1.2770

1.2970

1.2850

1.3210

support

intraday

intraweek

1.2730

1.2570

1.2630

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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