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

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EURUSD

The Euro probes again below 1.25 support, Fibonacci 76.4% of 1.2042/1.3992 ascend / psychological support, which was dented last Friday, but the pair failed to sustain break closing above the level. Daily and weekly close in red confirms bearish stance, as confirmation of completion of 1.2500/1.2884, near term corrective phase, is required to resume larger bears for the final leg towards key longer-term support at 1.2042, July 2012 low. However, caution is still required and may keep bears on hold, in case of repeated bounce and close above 1.25 handle, which is signaled by daily RSI / MACD bullish divergence. Last Friday