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

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

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04-17-2014, 03:45 AM

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

EURUSD

The Euro holds positive near-term tone off fresh low at strong 1.3789 support, as the price stabilizes above 1.38 higher base, supported by daily 20SMA / Tenkan-sen line. Recovery attempts are so far limited at initial 1.3850 barrier, also 50% retracement of 1.3904/1.3789 fall and ahead of more significant 1.3860, weekly highs / last Friday

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