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

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EUR/USD

The Euro maintains negative sentiment, with extension of pullback from1.3414, below 1.3100, Fib 50% of 1.2795/1.3414, posting fresh three-week low at 1.3058. Consolidative /corrective phase is under way, with price attempting through the upper boundary of consolidation range, for test of initial resistance at 1.3160, and 1.3200, Fib 38.2% of 1.3414/1.3058 fall. Slightly improved hourly studies see some upside potential, however, larger picture