Currency Majors Technical Perspective

EUR/USD Current price: 1.3980 Break under ascendant trend line now around 1.4000, now first resistance for next session (as pair could well complete a pullback before resuming down trend), sent the pair to test yesterday’s low around 1.3945, first support. With indicators bearish and price well under 20 SMA, Break under that level could accelerate sells in the pair, as bigger time frames support the bias. Support levels: 1.3945 1.3910 1.3850 Resistance levels: 1.4000 1.4040 1.4090 GBP/USD