Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)
 

EURUSD

The Euro remains at the back foot with fresh acceleration probing below 1.3800, psychological support / Fibonacci 38.2% of 1.3671/1.3904, reinforced by broken bear-trendline and 4-hour 55SMA. Clear break here to signal stronger reversal and mark near-term top at 1.3904. Negative hourly technicals favor further downside, with 4-hour indicators breaking below their midlines and supporting bearish scenario. Immediate targets lay at 1.3780 zone, 50% retracement / 09 Apr higher low and 1.3760, Fibonacci 61.8% retracement. Consolidation high at 1.3832 offers initial resistance, ahead of more significant yesterday