EURUSD
The Euro has established positive near-term tone on a bounce from 1.3480 zone, where the pair built a base. Extension above 1.36 barrier retraced over 61.8% of 1.3738/1.3475 downleg, on extension to 1.3642, keeping the upside in near-term focus. Fresh strength attempts to cover overnight minor gap, to extend the upleg from 1.3550 higher low, towards next hurdles at 1.3680/1.3700, 50% of 1.3892/1.3475 / 14 Jan peak, clearance of which to expose important resistance and breakpoint at 1.3735, Fibonacci 61.8% retracement / 24 Jan peak and daily cloud top. Near-term studies remain positive and support further bulls. Initial support lies at 1.3615, session low, ahead of 1.3600 support, daily Kijun-sen line, near daily cloud base and 1.3580, Fibonacci 38.2% of 1.3482/1.3642 rally, where corrective dips should be ideally contained. Only break below 1.3550 higher low would neutralize near-term bulls.
Res: 1.3642; 1.3635; 1.3680; 1.3700
Sup: 1.3615; 1.3600; 1.3580; 1.3550
GBPUSD
Cable
Linear Mode
