EURUSD
The Euro has eventually broken near-term base and consolidation bottom, signaling resumption of larger downtrend, as the price tested psychological 1.3300 support. Studies on all timeframes remain negative and favor fresh downside, where the pair is looking for test of near-term targets at 1.3247, Fibonacci 38.2% of 1.2042/1.3992 ascend and 1.3209, Fibonacci 100% expansion of the third wave which commenced from 1.3699, 01 July lower top. Bears could be interrupted by corrective rallies, as near-term studies are becoming oversold, with previous base at 1.3330 zone offering initial resistance and extended rallies to be ideally capped under 1.3365 lower top.
Res: 1.3323; 1.3331; 1.3350; 1.3365
Sup: 1.3247; 1.3209; 1.3160; 1.3103
GBPUSD
Cable slumped below 1.66 support, following recovery attempt stall and subsequent acceleration which was triggered after the price filled Monday
Linear Mode
