EURUSD The euro is continuing to edge lower this morning after finding resistance yesterday from both the 200 day SMA and the 50 fib level. The pair broke below here last week, so yesterday’s bounce will act as confirmation of the break, prompting a move back towards the 61.8 fib level, around 1.2678. The next major support level will be last week’s lows of 1.2750, although it could find support along the way, around 1.2770. GBPUSD Sterling is making its way back towards 1.49, after finding resistance for a second time around 1.5250. A double top has now formed following the sell-off in the pair yesterday. As long as ... (full story)