Currency Technical Report (Source: Fxgreece)

By George Antonakos
EUR/USD

Resistance : 1,5740/ 1,1,5765-70/ 1,5800-10/ 1,5850-60
Support : 1,5670-80/ 1,5630-40/ 1,5600/ 1,5570/ 1,5520

Comment : The outlook remains the same and so does our scenario.
According to current signs, the resumption of the rise until 1,5800-20 or even 1,5900 is more possible than a decline.


GBP/USD

Resistance : 1,9930/ 1,9970/ 2,0020/ 2,0050
Support : 1,9900/ 1,98501,9830-40/ 1,9790-00/ 1,9750/ 1,9700

Comment : The pound formed a reaction until 1,9960-70, levels where bears gained momentum, as expected. Even though the move could not breach the area of 1,9900, the pound is will possibly follow the same scenario and reactions should be limited at 2,0030-50 area.