The Euro establishes below 1.35 handle and continues to move lower after closing below pivotal support and brief consolidation, which occurred before fresh push lower. Overall bearish structure keeps the downside focused, with immediate target at psychological 1.34 level and 1.3294, 07 November 2013 higher low, seen in extension. Corrective rallies on oversold conditions are expected to pause descend. Consolidative range high at 1.3472, offers immediate resistance, ahead of 1.35, previous **** and broken bull-trendline at 1.3530, while lower top at 1.3547, is expected to cap rallies.

Res: 1.3472; 1.3500; 1.3530; 1.3547

Sup: 1.3436; 1.3400; 1.3350; 1.3294

Cable maintains negative near-term tone and continues extend descend off 1.7189 peak, after breaking below 1.7034 18 July low. Upside attempts were capped at 1.71 barrier that keeps downmove off 1.7189 intact, for test of psychological 1.7000 support and deeper pullback, seen on sustained break lower. Near-term technicals are bearish and support further downside, with consolidative actions seen preceding fresh push lower. Alternative scenario requires, clear break above 1.71 handle to avert immediate downside risk.

Res: 1.7081; 1.7100; 1.7115; 1.7148

Sup: 1.7020; 1.7000; 1.6950; 1.6933

The pair trades in near-term sideways mode after recovery phase off 101.05 low was limited at 101.59. Repeated upside failure weakens hourly structure, while 4-hour tone is negative. Upside resumption requires lift above initial 101.59 barrier and pivotal lower tops at 101.78/85, to bring bulls fully in play, otherwise increased downside risk could be expected on a loss of initial 101.30 support, also near-term consolidation floor. Break lower to re-focus strong 101.05 and

Res: 101.59; 101.78; 101.85; 102.00

Sup: 101.30; 101.18; 101.05; 100.81

The pair moves higher and eventually broke above 0.9454, 10 July spike high, retracing over 76.4% of 0.9503/0.9327 descend. This opens way for final push towards key 0.9503 barrier and peak of 01 July, clearance of which to signal an end of corrective phase and resumption of larger uptrend. Consolidative/corrective action s on overbought near-term studies are expected to precede fresh push higher, with dips to be ideally contained at 0.94 handle, to keep bulls intact.

Res: 0.9498; 0.9503; 0.9550; 0.9600

Sup: 0.9417; 0.9400; 0.9378; 0.9358

Res: 1.3445, 1.3475, 1.3500

Sup: 1.3315, 1.3340, 1.3365

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Res: 1.3425, 1.3445, 1.3475,

Sup: 1.3340, 1.3315, 1.3295

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The Euro trades in consolidative mode after finding ground above 1.33 support. Near-term price action moves around 1.34 handle, still holding below 1.3443, 01 Aug lower top and breakpoint, clearance of which is required to trigger stronger recovery and confirm near-term ****. Near-term action is supported by positive hourly studies and 4-hour indicators emerging above the midlines. Also, reversing daily indicators and RSI out of oversold zone, support the notion. Lift above 1.3443, also near 38.2% retracement of 1.3639./1.3316 descend, to open 1.3485, 24 July lower top and 50% retracement, as well as psychological 1.35 barrier. Pullback off fresh recovery high at 1.3431, which dented 1.34 support, also near 38.2% of 1.3316/1.3431 ascend, should hold above 1.3370, Fibonacci 61.8% retracement and hourly 20/55 SMA’s bullish cross, to keep near-term bulls intact for renewed attempt higher. Otherwise, risk of retest of 1.33 support zone and fresh extension of larger downtrend would remain in play.

Res: 1.3409; 1.3431; 1.3443; 1.3485

Sup: 1.3381; 1.3369; 1.3350; 1.3335

Cable maintains negative tone and reached fresh low at 1.6764, after loss of psychological 1.68 support. The pair is looking for completion of the upleg from 1.67 zone higher ****, to 1.7189, as the biggest part of the rally has already been retraced. Near-term consolidative actions are expected to interrupt bears, however, the upside potential so far looks limited, as near-term technicals remain negative. Only break above 1.6885 lower top would signal more significant upside action and delay attempt at 1.67 ****.

Res: 1.6810; 1.6827; 1.6839; 1.6862

Sup: 1.6764; 1.6736; 1.6691; 1.6657

The pair remains in the downmove off 103.07, 30 July peak, which retraced 76.4% of the rally from 101.07 to 103.07, on a dip to 101.49 so far. Studies on 4-hour chart are weak and maintain the risk of return to 101 ****, as the price holds below 200SMA, stabilizing around 102 handle. On the other side, overall bullish picture remains intact and sees fresh upside potential, once the price confirms footstep at 101.49, which requires clearance of 102.45 lower top and Fibonacci 61.8% of 103.07/101.19 descend, to confirm recovery action.

Res: 102.18; 102.45; 102.91; 103.07

Sup: 101.69; 101.49; 101.07; 100.81

The pair maintains overall negative structure, as fresh acceleration off 0.9372 lower top of 06 Aug, posted new low at 0.9237, approaching strong 0.92 zone ****. Brief upside attempts are expected to delay bears, which are aiming towards 0.92 higher **** and 0.9180, Fibonacci 38.2% retracement of larger 0.8658/0.9503 bull phase, with loss of these supports expected to accelerate bears off 0.9503 peak. Near-term price action off 0.9237 low, was so far limited by 4-hour 20SMA, with more significant corrective action to be sparked on a break above 0.9372 lower top.

Res: 0.9285; 0.9320; 0.9372; 0.9415

Sup: 0.9237; 0.9200; 0.9180; 0.9165

The Euro is at the back foot in the near-term, as the price moves lower after recovery rally stalled at 1.3431, short of 1.3443 pivotal top. Subsequent weakness, which broke below psychological 1.34 support, also Fibonacci 61.8% of 1.3316/1.3431 upleg, sees risk of further easing and possible retest of near-term **** above 1.33 handle. Negative hourly studies support the notion, however, range trading will remain in play while the price holds within current boundaries, with overextended daily technicals suggesting extended consolidation and only break above 1.3343/49 lower top / Fibonacci 38.2% of larger 1.3639./1.3316 descend, to signal stronger recovery attempt. Penetration of strong 1.33 support zone, on the other side, is expected to resume broader weakness off 1.3392, 08 May peak and extend the third wave from 1.3699 lower top of 01 July, towards its 100% Fibonacci expansion at 1.3209.

Res: 1.3375; 1.3401; 1.3431; 1.3443

Sup: 1.3331; 1.3300; 1.3250; 1.3209

Cable maintains negative tone and resumes larger downtrend, which was interrupted by 1.6764/94 consolidation, with psychological 1.68 support now acting as immediate resistance and keeping the upside attempts limited. Fresh weakness is looking for retest of 1.67 zone higher ****, to complete the bull-leg from 1.67 to 1.7189. Break below 1.67 support to open 1.6650, 200SMA. Prevailing negative tone supports the notion, with consolidative actions expected to interrupt bears. On the upside, 1.68 offers solid resistance and sustained break here would delay bears for possible attempt at 1.6885 lower top and breakpoint.

Res: 1.6794; 1.6827; 1.6862; 1.6885

Sup: 1.6736; 1.6691; 1.6657; 1.6600

The pair regained traction on hourly chart studies, as the price action stabilizes above 102 handle and approaches pivotal 102.45 lower top and Fibonacci 61.8% of 103.07/101.49 descend. Break here is required to confirm higher low formation at 101.49 and open 103 zone for test. Daily studies are positive and support the notion, with close above 200SMA, to confirm. Psychological 102 support and higher low, also near daily cloud top, should stay intact to maintain the structure.

Res: 102.45; 102.91; 103.07; 103.42

Sup: 102.22; 102.00; 101.69; 101.49

The pair maintains overall negative structure, as bearish acceleration off 0.9372 lower top of 06 Aug, posted new low at 0.9237, on approach to strong 0.92 zone ****. Brief upside attempts are expected to delay bears, which are aiming towards 0.92 higher **** and 0.9180, Fibonacci 38.2% retracement of larger 0.8658/0.9503 bull phase, with loss of these supports expected to accelerate bears off 0.9503 peak. Consolidative action off 0.9237 low, was so far limited under 0.9288, Fibonacci 38.2% of 0.9372/0.9237 downleg, with more significant corrective action to be sparked on a break above 0.9372 lower top.

Res: 0.9266; 0.9285; 0.9320; 0.9372

Sup: 0.9237; 0.9200; 0.9180; 0.9165