Windsor Brokers - Short Term Technical Analysis for Majors (14:15 GMT)

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Windsor Brokers - Short Term Technical Analysis for Majors (14:15 GMT)

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06-14-2010, 09:36 AM

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Windsor Brokers - Short Term Technical Analysis for Majors (14:15 GMT)

EUR/USD

Continues to extend the recovery phase off 1.1875, 2010 low, posted 07 Jun. 1.2215 resistance now being breached, with 1.2272, 50% retracement of the 1.2671/1.1875 decline, tested. Clear break here opens 1.2325, 03 Jun high, next. Immediate support now stands at 1.2162.

Res: 1.2272, 1.2325, 1.2355, 1.2380
Sup: 1.2162, 1.2110, 1.2074, 1.2045

GBP/USD

Extended the latest rally off 1.4501, last Friday

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