Re GBPUSD and EURUSD

Two big questions this weeks. Have and are the GBPUSD and or EURUSD close to making/confirming breakouts.

Firstly on the EURUSD,  key resistance was 1.4285, it got close, but did not quite make, this is a real crucial level, and in all likely a first and quite possibly a second attempt would likely fail, although a subsequent attempt may be successful. - However, I can not help thinking that the weight of recent news, particularly if the focus shifts to Spain (which it is doing), is likely to continue to weigh on the EUR making any further advances less likely and a correction of recent gains far more likely, with a danger of a deeper setback for the EUR if it fails to hold 1.4040/50.

GBPUSD has struggled since my analysis two days ago viewed an advance to 1.7000 a decent probability. As I noted at the bottom, there was a recent why we called GBPUSD 'the Widowmaker' at my last bank. Where does that leave this it? - In no-mans land for now.  - Key support is around 1.6050, holding over this level keeps the 1.7000 call alive, however breaking back below and particularly through 1.5970 would be an unwelcome development.