EUR/USD
Trades is a narrow range, currently hovering around 1.4400 level, after renewed upside attempt at fresh high at 1.4431 stalled at 1.4418. However, downside remains well supported at 1.4350 for now. Hourly chart shows creation of triangle, with upper boundary at 1.4405 to be cleared for fresh attempt at 1.4431 and possible extension to 1.4456, Fib 61.8% of 1.4695/1.4073 downleg and 1.4500, key near-term barrier. On the downside, loss of 1.4350 zone, previous lows / triangle support, would signal stronger correction ahead.
Res: 1.4418, 1.4431, 1.4456, 1.4480
Sup: 1.4355, 1.4344, 1.4314, 1.4305
GBP/USD
Has ran out of steam again, as renewed attempt through 1.6250, yesterday
Linear Mode
