EURUSD is trading right at projected and important 61,8% Fibo. support level, but keep in mind that bulls can only be confirmed if price turns back above 1.1340 region. At the same time we see something similar on cable, where price is approaching important support around 61.8% Fibo. retracement and 1.2600 area. That being said, watch out for a bullish turn that can be suggesting USD weakness, but only a strong five-wave bounce would be a signal for a completed correction within the uptrend.
EURUSD, 1h
GBPUSD, 1h
