Tuesday’s Dec 18th midday analysis -13.00 GMT

EurUsd stayed contained in a 50 pip range not managing to break above the 1.4415 intraday resistance line. The pair has clearly slowed down it’s bearish momentum and it starts to look bullish at least on the shorter timeframes.

GbpUsd formed both today and yesterday two exhaustion pattern on the 1 hour timeframe seen below, and this looks hard to break unless we get some bullish USD news that can push the pair lower. Looking at the chart closest resistance is last weeks low at 2.0180 that has been already tested in the UK session and we expect at least another test of this level in the Us session.