Currency Technical Report

EUR/USD
Resistance :1,5925/ 1,5950-55/ 1,5975/ 1,6020/ 1,6050/ 1,6080
Support : 1,5675-80/ 1,5635/ 1,5580/ 1,5525
First support level for today is found at 1.5850-60, followed by 1.5780-00 and 1.5825-35 will be an interim support. A move below 1.5850 will give the first signs that Friday’s move was extensive on purpose, while below 1.5825-30, we will have many reversal signs.If the decline that started in Asia’s session does not breach the area of 1.5850-60 and bulls lead euro above 1.5930, a sideways consolidation may be formed and lead us back to previous tops.
Bears may appear in the first resistance level at 1.5950-70, followed by the area of 1.6020 and 1.6050.
A clear break of the last one would indicate that bulls dominate and 1.6500-6700 scenarios will be back in the game. The area of 1,6130 is the first target, followed by 1.6250. We will now see the week's start and the market’s intentions...


GBP/USD
Resistance :1,9850/ 1,9880/ 1,9900-10/ 1,9950
Support : 1,9810/ 1,9790-00/ 1,9750/ 1,9690
First important support for today is found at 1.9790-9810, followed by the area of 1.9750-70. Below those levels a reversal would be confirmed and a retracement to 1.9650-00 is possible.
If support at 1.9830 holds and move continues above 1.9880, the area of 1.9920-30 may be tested again.
Next resistance is found at 1,9980-00. The area of 2,0000 is a strong resistance and will be not easily breached...

(Source: fxgreece)