Similar to gbpusd
is holding at the 34 day MA at 11340 with the 50day (crucial to gbpusd
) just below at 1.1316. Whilst Euro
chart looks more bearish
with the channel break, and the technicals are giving mixed signals, it could well be, like its british counterpart, that the Euro
has to hold these levels mentioned above, or the drop will attract a return below 1.12.