Daily Technical Analysis By FXCC - 07/10/2011 Euro vs. US Dollar (EURUSD):It's likely that EURUSD will decline. A break above (1.34608) could be a threat to the bearish scenario targeting (1.36680) even (1.37201). On the downside, immediate support is at (1.33837). Break below that area should keep the major bearish scenario intact testing (1.32414) area We will be looking to sell EURUSD upon any price retracement. http://r.4xeagleeye.com/snap/fxcc.com/EURUSD/c/0 R1: 1.34794| R2: 1.35197 | R3: 1.35854 | R4: 1.36680 | R5: 1.37201 S1: 1.33837 | S2: 1.33305 | S3: 1.32414 | S4: 1.31666 | S5: 1.30919   Great Britain Pound vs. US Dollar (GBPUSD):We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.50803). Another move back above (1.55117) could lead us to neutral zone. We will try to sell GBPUSD from our mentioned resistance levels. http://r.4xeagleeye.com/snap/fxcc.com/GBPUSD/c/0 R1: 1.54943| R2: 1.55988 | R3: 1.56654 | R4: 1.57156 | R5: 1.57706 S1: 1.53406| S2: 1.51760 | S3: 1.50803 | S4: 1.49459 | S5: 1.48959   US Dollar vs. Japanese Yen USDJPY (USDJPY):The USDJPY still trapped in range area of (76.926 76.462). A break in either direction will determine the trading bias in today`s session. Break below (76.462) could trigger further bearish pressure targeting (75.434), while break above (76.926) could trigger further bullish advances testing (77.996). You may try to buy from lower border and/or sell from upper border. http://r.4xeagleeye.com/snap/fxcc.com/USDJPY/c/0 R1: 77.023 | R2: 77.396 | R3: 77.696 | R4: 77.996 | R5: 78.296 S1: 76.334 | S2: 76.034 | S3: 75.734 | S4: 75.434 | S5: 75.134 Source: FX Central Clearing Ltd. (FXCC) http://www.fxcc.com/tech-analysis