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Unread 05-17-2010, 04:10 AM
WindsorBrokers WindsorBrokers is offline
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Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Continues to trend lower, after breaking 1.2610, to complete a bear flag. Key 1.2331 pivot has been cleared, and market now looks for test of 1.2134, 50% retracement of 0.8225/1.6040 ascend. Potential break here below opens 1.1826, 27 Feb 06 low, next. Immediate resistance now stands at 1.2372.

Res: 1.2372, 1.2407, 1.2441, 1.2514
Sup: 1.2233, 1.2208, 1.2169, 1.2134




GBP/USD

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