Disappointing employment figures and the beginning of the EU conference has placed pressure on the majors against the dollar. Here is a rundown of the pairs I'm watching.
Germain employment figures pushed the pair lower in European trading. The last level of support before a move to monthly lows is at 1.2405...
Testing trend line support at 1.5525. If this level breaks we could see a move back down towards 1.5525.
Sup 1.5525 1.5400
Moving towards the 50 fib at 1.0027 and daily price support at parity. Could bounce around this level.
The cross is testing daily support at .7880 after breaking below channel support. If this level break we could see a move down to the weekly lows at .7850
Sup .7880 .7850