Similar to gbpusd, Eurusd is holding at the 34 day MA at 11340 with the 50day (crucial to gbpusd) just below at 1.1316. Whilst Euro chart looks more bearish with the channel break, and the technicals are giving mixed signals, it could well be, like its british counterpart, that the Euro has to hold these levels mentioned above, or the drop will attract a return below 1.12.