EUR/USD
The Euro trades in a near-term consolidative mode, with price action moving in a triangular-shape consolidation. Hourly studies are negatively aligned and keep the downside risk towards triangle support at 1.33 zone, also Fib 38.2% of 1.3176/1.3389 upleg. Break here would signal further correction and open Fibonacci 50%/61.8% supports at 1.3283/1.3257. Such scenario is also supported by descending 4h indicators and bearish divergence that may put near-term bulls on hold, once 1.3300 and range floor at 1.3277 is lost. Overall bulls, however, remain in play and see resumption of larger uptrend from 1.2800 higher base, towards 1.3400 an double Fibonacci resistances at 1.3480 zone, once the correction is completed.
Res: 1.3356, 1.3377, 1.3389, 1.3400
Sup: 1.3300, 1.3277, 1.3264, 1.3226
GBP/USD
Near-term bulls remain in play, as the pair bounced off last Friday
Linear Mode
