The Euro is losing pace below key resistance at 1.4550, says William: "EUR/USD’s reactionary bounce is losing momentum as it comes under pressure into key resistance at 1.4550 (a confluence of both the multi-week triangle pattern ceiling and 76.4%/78.6% Fib-08th June price swing)."

Over the near-term, Williams sees the Euro capped at 1.4550, aiming to 1.4148 and 1.4000: "We watch for this area to cap recent bullish gains for a return back to the lower boundary of this critical triangle pattern. Key downside trigger levels remain at 1.4148 (38.2% Fib-Jan 2011 uptrend) and 1.4000 (psychological)."

Fri, Jul 01 2011, 13:31 GMT | FXstreet.com