EUR/USD has finally managed to rebound, but it has given back some of its gains from yesterday.
A failure to push on above $1.1950 would signal that the sellers are back in charge, and would target $1.1820 and then down to $1.1717.
GBP/USD unable to break out of range
The increased volatility of yesterday resulted in GBP/USD ending up where it started, still unable to break out of its $1.3480-$1.36 range.
A break of this is still required to indicate the next direction. However, the continued price action above $1.35 might suggest a rebound is in play, at least in the short term.
AUD/USD may rebound
The substantial rally yesterday has raised hopes of a rebound for AUD/USD, but it needs to clear $0.7560.
Above here, $0.7650 comes into play, while a turn lower targets $0.7470 and Wednesday’s low at $0.7410.