Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)

[WindsorBrokers]

EUR/USD

Succession of higher lows marks the recovery off 1.1875, fresh annual low. 1.2072 was seen yesterday, just below of 1.2082, 61.8% retracement of 1.2214/1.1875 decline. Clearance of 1.2072/82 is required o resume recovery, with key levels standing at 1.2106/1.2162 and 1.2213. Downside, loss of trendline support at 1.1940 ends correction and turns focus back to 1.1640.

Res: 1.2072, 1.2082, 1.2106, 1.2162
Sup: 1.2010, 1.1954, 1.1940, 1.1875




GBP/USD

Extends recovery off 1.4344 higher low, with potential for fresh leg higher, as yesterday