EURUSD
The Euro got unleashed again, after weaker than expected US jobs data pushed the dollar significantly lower. The single currency completed multi-year 1.3710/1.2042 bear-phase on a break above 1.3710, 2013 annual peak. Fresh extension higher reached levels close to psychological 1.3800 barrier, with next target lying at 1.3832, Fibonacci 38.2% retracement of 1.4938/1.2042 descend. Overbought near-term technicals suggest hesitation ahead of 1.38 barrier, with corrective easing to face initial supports at 1.3710/00, ahead of 1.3670, 38.2% retracement of 1.3472/1.3792 rally and higher base at 1.3650, where dips should be ideally contained.
Res: 1.3792; 1.3832; 1.3850; 1.3900
Sup: 1.3710; 1.3670; 1.3650; 1.3630
GBPUSD
Cable enters near-term corrective mode, following yesterday
Linear Mode
