Thursday’s Nov 30th midday analysis -13.00 GMT

EurUsd failed to reach the 1.4800 resistance line and is beginning to show signs of an expanding triangle; the pair has entered into a consolidation range just above a support area and as it made smaller higher low on the 1 hour timeframe we have to be carefull regrading a down move.

Cable stalled just above the 2.0650 support and at the moment looks like its trying once again to move back into the the Asian session range between 2.0600 and 2.0650, a failure to this will give us a bullish signal and we might see the pair move higher towards the 50.0 Fib Line of the 2.0830/2.0600 at 2.0710.