EURUSD broke below 1.1261 support, further decline to test 1.1097 support could be seen, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement could bring price to 1.0500 area.
GBPUSD is facing the support of the upward trend l[...]
EURUSD continued its sideways movement in a range between 1.1261 and 1.1450. The price action in the range is likely consolidation of the downtrend from 1.1534, further decline to test 1.1097 support is possible after consolidation.
GBPUSD's upward movement from 1.4950 extended to as high as 1.5551. Further rise co[...]