EURUSD and GBPUSD test key MA resistance levels

Both pairs test key MA levels.Both the EURUSD and the GBPUSD are testing key resistance levels against moving averages.EURUSD test its 100 and 200 hour moving averages.For the EURUSD, the pair is up testing its 200 and 100 hour moving averages between 1.13216 and 1.13256. Yesterday the price cracked below those moving averages and fell sharply. So far sellers are leaning against the level.For the GBPUSD, the pair has moved up to test its 100 day moving average 1.35561.GBPUSD is testing its 100 day moving average.So far the upside target for keeping a lid on the pairs as traders take profit/sell against the low risk technical levels. However, a move above the resistance levels will likely lead to stops and additional covering.

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