Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)

[WindsorBrokers]

EUR/USD

Bounce off 1.2732, 16 Aug low stalled at 1.2920 yesterday, just ahead of key 1.2931, 12 Aug high resistance. Reversal has so far reached 1.2770, with range between 1.2732 and 1.2931 seen near term. Break lower will resume the short term downtrend and open 1.2602, 61.8% of 1.2151/1.3332 ascend. Upside, clearance of 1.2931 will return to strength and focus 1.3030/75.

Res: 1.2861, 1.2888, 1.2920, 1.2931
Sup: 1.2770, 1.2732, 1.2708, 1.2682




GBP/USD

Remains in a near term downtrend, as yesterday