FXstreet (Barcelona) - U.S. stock markets have opened slightly negative, against the market expectations of a slight reversal after two days posting losses, as a consequence selling pressure has increased for Euro and GBP which are attempting to break important support levels.

EUR/USD has broken below 1.2560 dropping to the lowest levels since Nov 21, at this point bullish pressure can take the cross to 1.2500, and below there 1.2425, Nov 20 low and 1.2328 (Oct 27 low.

GBP/USD has broken below minor resistance at 1.4215, and the next support level is at 1.4135, below here, next support level remains at 1.4050 (Feb low.)