Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)

[WindsorBrokers]

EUR/USD

Upside rejection at 1.3816 on 17 Mar and break of a 3-week rising wedge turned the immediate focus lower. Clearance of 1.3536/29 support area has so far reached 1.3497, though stretched near-term studies suggest correction, with possible lower top under 1.3628/39, ahead of fresh weakness towards 1.3433. Only break above 1.3639 would pivot market higher.

Res: 1.3586, 1.3600, 1.3625, 1.3639
Sup: 1.3497, 1.3484, 1.3445, 1.3433




GBP/USD

Sharp pullback off last week