consolidation pattern below 1.3940 is complete and the uptrend is
renewed, currently testing 1.4000 sentiment area. Next target
projection lies at 1.4150. Initial intraday support is projected at
1.3940 and crucial on the downside is 1.3830.
The break through 26150 signals a renewal of the general uptrend, towards 26500 area. Key intraday support lies at 26150.
Where will the market go?
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Our Financial Analyst at Deltastock, Stoyan Mihaylov has an eight-year background
as a senior FX Dealer, trading spot and outright forwards. Since May 2006, Stoyan
has been providing daily, weekly and mid-term analyses on the Foreign Exchange Market.
He has also been reading lectures on FX Fundamental and Technical Analyses in major
Bulgarian Universities. Stoyan Mihaylov has graduated MBA in the University of Economics
– Varna, Bulgaria.
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