EURUSD
The Euro consolidates above fresh low at 1.3506, with the upside attempts being limited by hourly 55DMA /daily 100DMA / daily cloud base at 1.3566. Weak near-term studies do not see much of the upside prospect for now, as layers of strong resistances lay above, with the next ones at 1.3580, previous base and 38.2% retracement of 1.3698/1.3506 and 1.36 zone, 50% retracement / daily cloud top / 4-hour 55DMA, above which comes double-Fibonacci barrier at 1.3625 and lower top of 16 Jan at 1.3648. Only break here would neutralize near-term bears and turn near-term focus towards the upside. Otherwise, lower top, ideally around 1.36 handle, where broken bull-trendline off 1.2754 low reinforces barrier and fresh weakness, is seen as preferred near-term scenario. Break below 1.35 handle to resume weakness off 1.3892 top and expose 1.3435, Fibonacci 76.4% of 1.3294/1.3892 and psychological 1.3400 support.
Res: 1.3566; 1.3580; 1.3600; 1.3625
Sup: 1.3506; 1.3460; 1.3430; 1.3400
GBPUSD
Cable trades in near-term consolidative mode, with price action entrenched within 1.6457/1.6393. The pair is so far unable to clearly break above bear-trendline off 1.6602 peak, currently at 1.6430 and last Friday
Hybrid Mode
