Fig. 1. The daily chart
In the medium term, if the euro / dollar will be able to gain a foothold above the resistance line of the channel, and then overcome the 50-day SMA, it will signal the transition to medium-term growth of the euro against the dollar in order to 1.2600.
If the euro / dollar will continue to consolidate and remain below 1.1875 resistance and oversold decrease, in this case a high probability of breaking and fixing rate below support 1.1500, which points to a further decline in the euro / dollar towards the 1.1000 mark.
Technical Analysis and Forecast GBP / USD (GBP / USD) on 22/01/2015
Fig. 2. The daily chart
For the last day the situation on the pair GBP / USD is practically not changed. GBP / USD continues to trade at 1.5100 support, against this background, there is a high probability of the formation of the growth of the British currency to the level of 1.5500, which has approached the 50-day SMA. if the "bulls" on the pair GBP / USD will be able to overcome the resistance, it will probably allow the pound to continue to grow with the objectives of 1.5785-1.5825, which left 100-day SMA.
Only stable fixation GBP / USD below 1.5100 will open the way to test a minimum of sterling in 2013 around 1.4810. A further breakthrough GBP / USD lower at this point is unlikely, and on the way up is possible trend reversal.