EUR/USD
The Euro remains in the range-trading mode, with slight improvement seen on a break above 1.3100 barrier, as near-term base has been established at 1.3060 zone. Hourly and 4h structure remains weak, however, fresh strength threatens break through 4h triangle resistance at 1.3120, along with recent highs at 1.3130 zone, also 50% of 1.3241/1.3032 that is required to further improve near-term tone for possible extension towards the range tops. Conversely, slide below 1.3100., would shift the focus lower and expose 1.3060/30, strong support zone.
Res: 1.3120, 1.3135, 1.3160, 1.3200
Sup: 1.3060, 1.3052, 1.3032, 1.3000
GBP/USD
Cable trades in a near-term corrective mode, following yesterday
Linear Mode
