Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

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EUR/USD

Correction from 1.3114, 28 Apr yearly low needs a clear break above 1.3412/22 to neutralize immediate bears. Downside bias now favors a weakness through 1.3114, to target 1.3090, 76.4% retracement of 1.24551.5144 rise.

Res: 1.3342, 1.3360, 1.3412, 1.3422
Sup: 1.3204, 1.3181, 1.3141, 1.3114




GBP/USD

Break under daily trend line support off 1.4797, seen last week, negated the prior potential for a double bottom reversal in favor of a fresh relapse towards 1.5124 initially. Regain of 1.5389, last Friday