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Unread 03-15-2010, 05:07 AM
WindsorBrokers WindsorBrokers is offline
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Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)

EUR/USD

Extended reversal up-swing off 1.3536, 09 Mar low, to reach 1.3795 high on Friday, ahead of current corrective reversal. This suggests fresh recovery towards 1.3840, 09 Feb high, then 1.3868, 38.2% retracement of 1.4580/1.3433 downleg. 1.3705/1.3678 supports and break there would question recovery strength.

Res: 1.3798, 1.3803, 1.3838, 1.3868
Sup: 1.3705, 1.3678, 1.3654, 1.3620



GBP/USD

Extended gains off 1.4871 higher low, to reach 1.5217 on Friday. Today
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