GBP/USD today

The greenback is weak across the board. The GBP/USD pair is breaking above a declining channel resistance just like the EUR/USD. It is looking to rally to the previous high near 1.5500, and may extend to 1.5700.

EUR/USD today

The EUR/USD is surging towards 1.30/1.31 area as noted in yesterday's post. The European session saw the EUR/USD surge more than 100 pips. This came after some consolidation in the Asian session.