Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
 

EURUSD

The Euro was down 10.28% against the US dollar in 2015, ending year under psychological 1.10 barrier. Low of the year 2015 at 1.0461, posted in March, remained intact, despite repeated attempts lower, which were contained just above 1.05 handle.
Weekly and monthly technicals remain bearish and favor further downside attempts, after completion of med-term consolidation, entrenched within 1.0461 and 1.1712 range, where the pair spent most of the time in 2015.
On the other side, daily studies gained bullish tone, on bounce from December