EURUSD
The Euro ended week at the back foot and closed near psychological 1.35 support, after losing 1.3580 platform and previous low at 1.3547, posted on 09 Jan. Bears remain firmly in play on near-term studies, with break below 1.35 handle expected to open 1.3479, Fibonacci 61.8% expansion of the third wave from 1.3698, ahead of double-Fibonacci support at 1.3430 zone, 76.4% expansion and 76.4% retracement of 1.3294/1.3892 upleg. Bears may be delayed by corrective rallies, as hourly RSI emerges out of oversold zone, while 4-hour studies are extended. Initial resistance lies at 1.3560, Fibonacci 38.2% of 1.3648/1.3506 downleg, ahead of more significant 1.3580, previous base and 50% retracement, reinforced by hourly 55DMA, and psychological / Fibonacci 61.8% resistance at 1.3600, where rallies should be capped.
Res: 1.3560; 1.3580; 1.3600; 1.3620
Sup: 1.3506; 1.3479; 1.3430; 1.3400
GBPUSD
Cable regained positive tone on last Friday
Linear Mode
