EURUSD
Yesterday’s rally has been limited by the rising trend line coming from 1.4045 which provided support during the 2′nd half of August. The short term bullish structure remains intact as long as 1.4200 is on the lower side, providing support. On the upside, resistance starts at 1.4350 formed by the mentioned trend line coming from the South region, followed by 1.4400 and 1.4440/50. On the lower zone, a potential break below 1.4200 would open 1.4050 which is the next bearish objective. Today’s NFP data in the U.S. will probably increase the volatility. Current quote is 1.4261 @05:42 GMT
Support: 1.4200, 1.4150 and 1.4050
Resistance: 1.4300, 1.4350 and 1.4400
GBPUSD
1.6375/80 is still up there although yesterday’s rally has extended higher, to 1.6312. The short term studies are still bearish as a break above 1.6375/80 is needed to confirm that a corrective move is underway, aiming towards 1.6500 and above. As long as 1.6200 is intact, upside will be slightly favored. Current quote is 1.6345 @05:42 GMT
Support: 1.6300, 1.6250 and 1.6200
Resistance: 1.6375/80, 1.6400/20 and 1.6500
