Windsor Brokers - Short Term Technical Analysis for Majors (13:00 GMT)

[WindsorBrokers]

EUR/USD
The near-term positive sentiment brought the pair to our initial target and first barrier at 1.2600. Brief easing, seen today, found footstep at strong support at 1.2540, keeping bulls firmly in play. Lift above 1.2600, also daily 20 day MA, opens way towards the next strong barrier and breakpoint at 1.2620/40 zone, Fib 61.8% / 28 May high / previous yearly and 25 May low, break of which to signal stronger correction. Initial support lies at 1.2540, today