EUR/USD has pierced yesterday’s high of $1.3587 after Italy’s Letta win confidence vote. Above resistance comes at $1.3600 (Feb 5 and 6 highs) with the stronger resistance is near yearly high on $1.3712. Initial support remains at $1.3500 (support line from Sep 6). Below $1.3460 (Sep 25 low) support is around $1.3400.
GBP/USD consolidates below yesterday’s hig at $1.6250 (initial resistance). Initial support is near $1.6120 (channel line from Sep 6), then - at $1.6000 (Sep 26 lows). Above $1.6250 resistance is around $1.6340 (Jan 2 highs) and $1.6415 (channel line from Sep 6).
GBP/USD consolidates below yesterday’s hig at $1.6250 (initial resistance). Initial support is near $1.6120 (channel line from Sep 6), then - at $1.6000 (Sep 26 lows). Above $1.6250 resistance is around $1.6340 (Jan 2 highs) and $1.6415 (channel line from Sep 6).
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