EUR/USD
The Euro maintains positive near-term tone while holding above 1.2900 higher platform, where 55 day EMA keeps the downside protected in the near-term. With 4h indicators being in the positive territory, scope exists for possible fresh attempt at strong barrier and near-term tops at 1.3000 zone, break of which to resume near-term recovery off 1.2795, 17 May low. From the other side, hourly studies are losing traction, with negative daily structure, being pressured by 20/200 MA death cross, downside remains at risk. Break below 1.2900 to confirm and expose lower boundaries of near-term 1.2800/1.3000 range.
Res: 1.2937, 1.2957, 1.3000, 1.3041
Sup: 1.2900, 1.2885, 1.2860, 1.2840
GBP/USD
Near-term picture remains positive, as the pair trades in a corrective mode off 1.5012, 23 May low, with price consolidating under 1.5145, 50% retracement of 1.5279/1.5012 fall. Price action is underpinned by hourly 20/55 day EMA
Linear Mode
