Here's the state of play following a return to favour in the NFP
EURUSD
Smoked like a VW car on an emissions test, down to 1.0707. I don't see much down here until 1.0655/65. We had trouble holding below 1.0710/15 back in MArch so keep an eye on that on another test lower
1.0820/25 was a big level too and it held up for a second on the way down. A bounce back may run into trouble
Right now 1.0740 is our resistance level as we look for the second wind. 1.0720 is making a stand as support. We'll have to see how the levels develop before picking a side. Greg has the broader EURUSD levels above this post
GBPUSD
Spilt to 1.5025 and looking touchy. 1.50 is a big fat psychological number so it could well hold some decent support. 1.5089 was the 61.8 fib of the 1.4569 lows
1.5050 is showing as resistance, 1.5089 was the 61.8 fib of the 1.4569 lows, then 1.5100 will show too. The low at 1.5025 is support from 1.5000, then there's more at 1.4985/90 but that might be susceptible to stops through 1.50
