EUR/USD has regained the 1.3000 handle on the back of strong performance on the crosses. The 4-hour chart does seem to be running out of bearish momentum (see chart) and I prefer longs near 1.3000 for a test of 1.3150 and possibly 1.3250.
A break below 1.2950 would of course change this outlook very quickly.
Cable has steadied near 1.4900 but the downward pressure on the GBP isn’t gone just yet. Momentum has slowed so I suggest a 1.48/1.51 type range for coming days as consolidation sets in. Good luck today.
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