Technical Overview of EUR/USD and GBP/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1128. · EUR/USD stalls its strong intraday rally near 1.1200 round-figure mark. · Acceptance above 200-DMA support prospects for additional gains. The EUR/USD pair maintained its strong bid tone through the early European session on Friday, albeit has retreated around 20-25 pips from the 1.1200 handle, or four-month tops. Extremely overbought conditions on hourly charts seemed to be the only factor that kept a lid on any strong follow-through, rather prompted some profit-taking at higher levels. According to the Analysis, pair is expected to find support at 1.1125 and a fall through could take it to the next support level of 1.1102. The pair is expected to find its first resistance at 1.1199and a rise through could take it to the next resistance level of 1.1222 GBP USD GBP traded higher against USD and closed at 1.3162. · Trades close to the top of a 1.3162/1.3516 range, after a hectic session · EUR/GBP is at the base of a 0.8278/0.8426 with huge flow for Asia · Bids at 1.3450 provided a base after initial jump - 1.3450 1BLN strikes · Early results support the exit poll prediction of an 86 Boris landslide · EU welcomes a strong UK mandate into upcoming trade talks · Charts show GBP trending higher, but over stretched short term · Stunning Conservative victory will totally change UK politics According to the Analysis, pair is expected to find support at 1.3170 and a fall through could take it to the next support level of 1.3061. The pair is expected to find its first resistance at 1.3524, and a rise through could take it to the next resistance level of 1.3633. Important Economic Events of the day · EUR: EU Leaders Summit · JPY: BoJ Tankan Large Manufacturing Index · USD: Retail Sales m/m · USD: Retail Inventories m/m For More information about the release time of news and its impact visit Economic Calendar Page!