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The Eur/Usd remains inside the descendant channel we talk about yesterday and reached the roof where the pair rebounded to the downside. Quoting right now around 1.4743, the pair will need to move under the congestion zone around 1.4725 to continue to the downside, to 1.4681 and finally the zone around 1.4660. Daily charts remain oversold so, above 1.4782, roof of the channel for today, the pair will find some resistance around 1.4805/10 (today’s maximum zone) yet the real target will be 1.4833, 14.6% Fibonacci rally 1.6038/1.4630.
The Gbp/Usd remains weak, moving sideways at the moment although 4 hours indicators are pointing to the downside at the moment. However, the pair needs to confirm under 1.8570 to continue in that direction, first to the zone around 1.8537, and finally to 1.8510. Resistances from actual 1.8595 will be at the zone around 1.8640, followed by 1.8685/92. Above this last, the pair will gain some bullish momentum for the next days.
