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Unread 06-08-2011, 08:48 AM
WindsorBrokers WindsorBrokers is offline
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Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)

EUR/USD

Corrects the latest upleg from 1.4560 higher low, as gains lost traction just under 1.4700 barrier. Break of 20 day MA at 1.4615 and brief probe below 1.4600 handle may open way for extension towards 1.4660, key near-term support, loss of which would signal near-term top ahead of stronger reversal towards 1.4520/1.4450, near Fib 50% / 61.8% of 1.4306/1.4697 ascend. Higher low above 1.4560, however, would signal a resumption of short-term uptrend, with clearance of 1.4700//20 needed to confirm and expose 1.4750 next.

Res: 1.4687, 1.4695, 1.4705, 1.4720
Sup: 1.4600, 1.4560, 1.4520, 1.4450




GBP/USD

Pullback from 1.6471, today
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