Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
 

EUR/USD

Surged through 1.2153/34 key supports yesterday, to post fresh annual low at 1.2110, ahead of strong bounce to 1.2352. Reversal off here is now under way, with higher low required to maintain recovery, and clearance of 1.2352 to open 1.2451 next. Failure to do so, risks retest of 1.2110 and resumption of underlying bear-trend, to target 1.1823/1.1640, 2006/2005 lows, medium-term.

Res: 1.2244, 1.2300, 1.2334, 1.2381
Sup: 1.2153, 1.2110, 1.1980, 1.1952




GBP/USD

Extends rally off 1.4437, yesterday