EUR/USD
Negative sentiment continues to drive the bloc currency lower, with succession of fresh lows posted on a daily basis. The price approaches our initial target at 1.2200, ahead of 1.2150, June 2010 low, loss of which to possibly open way towards psychological 1.2000 level in a short-term. Negative near-term studies keep the downside pressure, with descending 55 day EMA, currently at 1.2265, maintaining the downtrend. Any corrective action will face very strong barriers at 1.2300/35 and only break here will ease bear-pressure.
Res: 1.2245, 1.2265, 1.2300, 1.2333
Sup: 1.2200, 1.2150, 1.2115, 1.2100
GBP/USD
The near-term structure turns negative after yesterdays