EURUSD
The Euro accelerates lower, signaling an end of directionless phase, confirmed by double-Doji. Softer near-term tone pushed the price below initial support at 1.0695, daily 10SMA, with further easing that cracked daily Tenkan-sen line and approached key near-term support at 1.0658, low of two-day congestion. Daily technicals maintain negative tone, with the latest acceleration lower, increasing risk of break below 1.0658. Daily close below here to confirm bearish resumption and further retracement of 1.0519/1.0847 rally. Alternatively, prolonged consolidation could be expected while 1.0658 handle holds. Only rally and close above daily 20SMA at 1.0760 and daily Kijun-sen at 1.0785, would neutralize immediate downside threats.
Res: 1.0741; 1.0760; 1.0785; 1.0800
Sup: 1.0664; 1.0658; 1.0644; 1.0600
GBPUSD
Cable holds positive near-term tone, following yesterday
Linear Mode
