Forex updates-USD stumbles

The USD came down with sharp selling pressure by New York, tumbling past the level of 1.38 in opposition to the Euro and relinquishes the 95 figure versus there wish by Forex updates.US equities were up with the session by 0.45% and Nasdaq edging up by o.85% in that afternoon trading. It climbed back above the $60 per barrel level.

EUR/USD 1.3764-21st may
EUR/USD open in 1.3828, low in 1.3586, close in 1.3778 then both are continued its ascending spending yesterday. The currency couple dropped to that bottom level 1.3586, from where it sustained its buoyant impetus to the top 1.3828, move up and down climbing with about 240 pips.

Break updates of the channel may cause further ascending move back to further ascending move back to 1.3830. The CCI indicator is in neutral zone.

GBP/USD 1.5792- 21st May
After breaking above 1.5352 resistances, GBP/USD moves piercingly to as high as 1.5792 level. The next target is at 1.6000 and then 1.6200 and rally is still in favor of it.