Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
 

EUR/USD
The pair slides to a fresh 2-year low at 1.2235 after corrective move off 1.2255, previous low, stalled on approach to 1.2260 barrier, as 55 day EMA limited gains. Overall picture keeps negative tone, as the pair broke below daily triangle support at 1.2430 and sees test of 1.2200 and 1.2150 downside targets as likely short-term scenario. However, daily MACD bullish divergence, does not rule out stronger corrective action. Key barrier lies at 1.2400 zone and break here is required to improve short-term structure.

Res: 1.2300, 1.2320, 1.2333, 1.2363
Sup: 1.2251, 1.2235, 1.2200, 1.2150





GBP/USD
Maintains near-term positive tone off 1.5460, last Friday