Breaking? EURUSD falls to new low. GBPUSD breaks 1.6354

Written January 19, 2010 at 11:22 AM EST by  

gregmike-00121

The EURUSD has moved to new lows after faling back below the 1.4281 level.  A break of 1.4257 is still needed (low for 2010) but a move below will next target 1.4217. Staying below the 1.4281 level will now be watched by the bears.  Be aware.

gregmike-00122

For the GBPUSD, the price held the upside resistance at the 1.6380-86 (see prior post) and has broken below support at the 1.6354 level.  The pair is still a ways away from the low for the day and more supported than the EURUSD. However,  as long as the price remains below the 1.6354 a move toward KEY support at the 1.6309 area is the next key target.

No Responses to “Breaking? EURUSD falls to new low. GBPUSD breaks 1.6354”

Add a comment