EURUSD
The Euro cracks 1.0564, near-term base floor, signaling resumption of larger downtrend, which was interrupted by brief 1.0564/1.0636 consolidation.
Overall structure remains bearish and supports further weakness towards immediate target at 1.0519, 13 Apr low and key support at 1.0461, Mar 2015 yearly low.
Falling daily 10SMA, which maintains downtrend since mid-Oct, offers initial resistance at 1.0635, which is expected to cap upside attempts.
Session high and hourly Ichimoku cloud base at 1.0593/1.0609, offer initial layer of resistances, ahead of hourly cloud top at 1.0626, which reinforces strong resistance of 10SMA and last Friday
Linear Mode
