Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)

[WindsorBrokers]

EUR/USD

Trades in a corrective consolidative mode after hitting fresh one month high at 1.466 today. Initial support at 1.4600 zone holds dips for now, but 4-hour studies still in overextended territories and further correction into 1.4560/20 zone is not ruled out, before bulls reassert. Key near-term support lies at 1.4450 and only break here to delay immediate bulls. On the upside, clearance of 1.4656 to focus 1.4700/20.

Res: 1.4656, 1.4685, 1.4700, 1.4720
Sup: 1.4592, 1.4560, 1.4520, 1.4500




GBP/USD

Corrects rally from 1.6285, last Friday