EURGBP has printed 0.8214 today , a level last seen in 1996. This pair is in a very steep up trend which started on Sep ‘07,
Since then,  the Euro gained almost 21% against the Sterling.

Only in the last three weeks EURGBP  managed to climb from 0.7758 (its main support level) to over 0.82 due to concerns that the UK economy will suffer even more than the Euro-Zone economy.
Currently, the interest on the sterling is lower than the interest rate on the Euro ( 3% vs 3.25%)
and many traders bet the Bank of England will continue slashing interest rates more aggressively in comparison to the ECB, widening the interest gap between them in the future.

However, according to eToro’s Top traders insight, as much as 89% of the traders sold EURGBP when it reached 0.8200 around 11:00am GMT today, just before it corrected to 0.8130.

The EURUSD did not gain support from better than expected ZEW figures earlier today ( actual reading of -53.5 not as bad as the -62.5 expected ) as it corrects down to meet its first support area of 1.2525
Basically we are trading in a range between 1.2525 and 1.3120 for the last two weeks, and as long as these levels hold, they supply a good basis for swing trading.

The German ZEW Report :  a Survey of  350 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany, readings Above 0.0 indicate optimism, while readings below indicate pessimism.