EURUSD
The Euro trades in triangular consolidation, with near-term tone in neutral mode and the pair lacking direction. The price moves within 1.24/1.25 range, as repeated attempts higher were capped at 1.25 zone, reinforced by 4-hour 55SMA. Also, failure to clear descending daily 10SMA, keeps the downside at risk and limits upside attempts. Break above initial 1.25 barrier to open breakpoints at 1.2532/76, clearance of which is required to establish near-term bulls. Otherwise, easing below 1.2400/1.2390 support, is expected to bring bears back to play, for retest of 1.2357 low and resume larger downtrend on a break lower.
Res: 1.2488; 1.2500; 1.2532; 1.2576
Sup: 1.2417; 1.2392; 1.2357; 1.2300
GBPUSD
Cable turned bearish in near-term picture, after yesterday
Linear Mode
