EUR/USD intraday: the upside prevails.
Our preference: Long positions above 1.3875 with targets @ 1.395 & 1.401 in extension.
Alternative scenario: Below 1.3875 look for further downside with 1.3845 & 1.3805 as targets.
Comment: the RSI is well directed, the pair is on the upside and is challenging its intermediary resistance.
GBP/USD intraday: rebound expected.
Our preference: Long positions above 1.6 with targets @ 1.6105 & 1.6175 in extension.Alternative scenario: Below 1.6 look for further downside with 1.595 & 1.5895 as targets.
Comment: the pair is pulling back on its support ahead of a rebound.