EURO
The euro is settling below 23.6% correction level in today's trading after it declined yesterday which might be the start of a new descending technical pattern over intraday basis, continued trading below 1.2930 confirms the downside move and remains valid unless trading was seen clearly above 1.3080.
The trading range is among the key resistance level at 1.3220 and the key support level at 1.2690.
The general trend is to the downside as far as 1.5080 remains intact; targets are set at 1.2340 and 1.2225.

Support 1.2885 1.2830 1.2800 1.2740 1.2690
Resistance 1.2965 1.2985 1.3030 1.3080 1.3120
Recommendation Sell euro below 1.2930 with targets at 1.2830, stop loss with hourly closing above 1.3080

Great British Pound (GBP)
The pair has lost its upside momentum and now is trading below the 23.6% correction level shown above yet still above the 100 4-hour MA at 1.5235; the pair today will attempt to trade above the correction level and failing to breach it will send the pair in a downside wave as a technical pattern will form if a rebound was seen from below 1.5520 yet steady trading above this level opens the way towards 1.5675 the major resistance for the downside.
The trading range is among the key resistance level at 1.5740 and the key support level at 1.5180.
The general trend is to the downside as far as 1.9400 remains intact; targets are set at 1.4435 and 1.4095.

Support 1.5395 1.5365 1.5275 1.5235 1.5180
Resistance 1.5475 1.5520 1.5595 1.5675 1.5740
Recommendation Sell Sterling cautiously below 1.5475 with targets at 1.5365, stop loss above 1.5520