Merkel, said after meeting british prime minister , theresa may , that there will be no more negotiations regarding brexit deal. That priece of news was enough to send both euro and sterling down more than 50 pips each.
Eur/usd fell from 1.1370$ area to 1.1320$ and Gbp/usd fell from 1.2615$ to 1.2550$ area.
Both are now sitting on critical support area which I think may hold strong .
Eur/usd has been trading in a range for more than 2 weeks now from 1.1320$ to 1.1420$ , so a rising trendline and low of the range will provide support for the euro recovery . if failed to hold , there will mounting pressure on euro which will send the pair to 1.1120$ . while on the upside , 1.1360$ will be first resistance area for any rally followed by 1.1420$ .