EUR/USD
Strong rebound from 1.3836, 12 July low, exceeded our barrier at 1.4200, to extend gain to 1.4281 so far, just under Fib 61.8% retracement of 1.4576/1.3836 downleg. This confirms temporary bottom at 1.3836 and turns near-term focus higher. Corrective pullback from 1.4281, on overbought hourly conditions, has so far been contained by 20 day MA at 1.4165, with further reversal to be contained at 1.4130/00 zone, to keep immediate bulls in play. Above 1.4281 open way for test of key near-term resistance at 1.4373.
Res: 1.4250, 1.4281, 1.4300, 1.4351
Sup: 1.4165, 1.4130, 1.4109, 1.4098
GBP/USD
Strong rally that emerged after yesterday
Linear Mode
