FXstreet.com (Barcelona) - EUR/USD: Despite weaker dollar the pair remains in broad downward trend. Crucial support at 1.3100 tested twice in the last month. Currently trading a 2-figure range between 1.3100 and 1.3300. 1.3300 being the upper extremity of current mini-trend which is a more pronounced dollar bull than the broader declining triangle we have outlined in the past. Said Peter Rosentreich, analyst at ACM - Advanced Currency Markets.
For the GBP/USD he stated that today's move culminated at 1.4746; initial support stands at 1.4692. A break above 1.4730 will allow us to test 1.4746 (2 day high).
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