EURUSD
The Euro holds positive sentiment and bounced off 1.3840 higher base, to test levels close to fresh high at 1.3965, posted on 13 Mar. Near-term price action moves in triangular consolidation, after recovery rally stalled at 1.3946 yesterday. Triangle support lies at 1.3910, also Fibonacci 38.2% retracement of 1.3844/1.3946 ascend, ahead of higher base at 1.3880, also 61.8% retracement, above which stronger pullbacks should find ground to keep near-term positive tone in play. Fresh attempt through 1.3965 opens short-term target and psychological barrier at 1.4000 and 1.4056, Fibonacci 138.2% expansion of the wave from 1.3642, in extension. Conversely, slide below 1.3880 would delay bulls and risk retest of near-term base at 1.3840 zone and daily channel support at 1.3800.
Res: 1.3946; 1.3965; 1.4000; 1.4056
Sup: 1.3910; 1.3880; 1.3840; 1.3800
GBPUSD
Cable remains in near-term sideways mode, with price action attempting at the range
Linear Mode
