Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)
 

EUR/USD

Continues to trend higher after leaving a higher low at 1.4560 yesterday, with fresh gains through 1.4656, previous high, extending to 1.4680 so far. Near-term studies are supportive but overextended, suggesting corrective/consolidative action ahead of attempt at targets at 1.4700/17, Fib 76.4% / 05 May high, then 1.5750 zone, 03 May lows. Hourly 20 day MA at 1.4615, maintains immediate bull tone, with support at 1.4560 zone, expected to contain dips.

Res: 1.4680, 1.4700, 1.4720, 1.4750
Sup: 1.4647, 1.4600, 1.4560, 1.4520




GBP/USD

Improves the near-term outlook after today