• EUR/USD is challenging the strong resistance at 1.3172 (17/09/2012 high). Another resistance can be found at 1.3284 (01/05/2012 high). An hourly support area is given by 1.3144 (17/12/2012 low) and 1.3041 (13/12/2012 low). • The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the general overbought conditions. • GBP/USD has broken the resistance at 1.6178, which opens the way for a test of the strong resistance at 1.6302. Hourly supports can be found at 1.6153 (17/12/2012 ... (full story)