• EUR/USD is close to the strong resistance area defined by 1.3127 (05/12/2012 high) and 1.3172 (17/09/2012 high). Hourly supports are at 1.3041 (13/12/2012 low) and 1.2982 (intraday 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 thus far failed to break the resistance at 1.6178. An hourly support can be found at 1.6064 (intraday low). • GBP/USD is moving in a long-term horizontal range defined by the strong support ... (full story)