the pair broke through 1.1730 hurdle and the outlook is positive, for a
test of 1.1835, en route to 1.2010 zone. Initial intraday support lies
at 1.1730, followed by the crucial low at 1.1650.
uptrend here broke through 26480 hurdle and managed to climb beyond the
all-time peak at 26700, so the bias is undoubtedly bullish, for a
further rise towards 27000 sentiment zone. Initial minor
support lies at 26700 and crucial on the downside is 26470.
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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