EUR/USD - Approaching declining trendline - MIG Bank

From migbank.com

EUR/USD is getting close to the resistance area defined by the declining trendline and 1.3023 (25/10/2012 high). An hourly support is at 1.2944 (26/11/2012 low). Another support is at 1.2834 (intraday low). • The underlying trend is negative (see declining trendline linking the May 2011 high with the August 2011 high on a daily chart). Therefore we expect limited upside potential from current prices. GBP/USD • GBP/USD is challenging the resistance at 1.6043 (see also high of the declining channel). An hourly support is at 1.5997 (26/11/2012 low). Another support is at 1.5919 (22/11/2012 low). • GBP/USD is ... (full story)