massive sell-off at 24630 peak broke through 24320 low and the outlook
is bearish, for a further slide towards 23400 area. Intraday allow a
corrective rebound towards 24200 and key resistance lies at 24320.
Where will the market go?
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Deltastock’s technical analyses are provided by Stoyan Mihaylov, a financial analyst with a 15-year
background as a senior FX Dealer, trading spot and outright forwards. Since 2006 Stoyan has been
providing daily, weekly and mid-term analyses on major Forex pairs and Indices. He is a regular
lecturer at the company’s seminars and online trainings and also teaches FX Fundamental and
Technical Analyses at major Bulgarian universities.
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