EURUSD
The Euro trades in a prolonged consolidation, holding in a sideways mode, with price action being entrenched within 1.3000/80 range. Hourly studies are still neutral, as the price attempts through the range tops, while 4-hour technicals maintain bullish tone and see scope for fresh strength that needs to clear initial barriers at 1.3121/45, to open key resistance at 1.3205. Double hanging man candle on the daily chart, however, keeps the risk of fresh weakness, with slide below key support levels at 1.3000/1.2980 that keep the downside protected for now, required to bring bears in play.
Res: 1.3100; 1.3121; 1.3145, 1.3205
Sup: 1.3050; 1.3000; 1.2980; 1.2926
GBPUSD
Cable
Linear Mode
