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Euro and Gbp in the hourly

Posted on July 02, 2009

EUR/USD Current price: 1.4054Bearish in the hourly, pair is holding above 1.4040 static support zone, ahead of 1.4000 psychological level. With indicators suggesting more downside pressure, expect the rally to accelerate under that level. 4 hours indicators support the perspective also.Support levels: 1.4040 1.4000 1.3960Resistance levels: 1.4090 1.4135 1.4170GBP/USD Current price: 1.6388Under selling pressure, pair seems unable to regain the 1.6420 zone. A descendant trend line, along with 20 SMA should cap the upside, while clear break under today s low at 1.6330 will accelerate the downsi...

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