The euro has fallen down to the 100 dma at 1.3341 and bounced from a low of 1.3337. I pointed to this level earlier as possibly standing up better than it did yesterday. The euro is coming under renewed pressure as dollar buyers gain more confidence on holding the buck up today.
EUR/USD daily chart 08 11 2013
Buyers from 1.3330 down to 1.3300 will be put under pressure should we break below.
GBP/USD has broken down through 1.60 and has the 55 dma in the way on its way down to the October lows of 1.5880/900.
GBP/USD daily chart 08 11 2013
