FXstreet.com (Barcelona) - Majors continue swinging against dollar, following movements in stocks. America Dow Jones Industrial Average open higher today but finally close again on the red side. Hovering around a 12-years low all the week, keeps investors away from risky positions. Euro and Gbp, spend all day trading in narrow ranges due to the uncertain generated by global crisis. Ranges narrowing could well be the first sign of a trend developing.
Japanese yen remains falling across the board and corrective recoveries prove to be short lived. The currency sank sharply against dollar and euro, in response to more fundamental concerns about Japan economy.
EUR /USD - Not much change from previous views, the pair remains under selling pressure in longer term charts. Quoting around 1.2720, under 1.2680 the pair could gain bearish momentum with next supports at 1.2646 zone, 1.2610, and 1.2557. Above 1.2736, next resistances will be at 1.2780/90 zone and above 1.2912 daily descendant trend line.
GBP/USD - After reaching an intraday high of 1.4383, the pair is quoting right now under 1.4300. Sideways, under 1.4245/55 we could see the pair attempting more falls to 1.4215, 1.4150 and 1.4090. Resistances will be at 1.4335 1.4386 and 1.4468.