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

[WindsorBrokers]

EUR/USD

Recovery from 1.1875 stalled at 1.2353 yesterday, ahead of reversal. Loss of 1.2254 trendline support, now risks stronger pullback, to challenge key 1.2162 support. Upside, regain of 1.2353 is needed to resume recovery and expose 1.2454, 28 May high, next.

Res: 1.2336, 1.2353, 1.2366, 1.2380
Sup: 1.2240, 1.2214, 1.2162, 1.2110




GBP/USD

Failed to sustain gains towards 1.4874, 50% retracement of 1.5523/1.4230 decline yesterday, to reach 1.4854, ahead of strong reversal. Today