Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)

[WindsorBrokers]

EUR/USD

Recovery from 1.3361 low cleared bear trendline at 1.3640 and previous high at 1.3667, to reach fresh high at 1.3689, where gains stalled. Reversal from here lost initial support at 1.3540 to find ground at 1.3520, 20 day MA on 4-hour chart, before fresh push higher. Regain of 1.3600 handle improves the outlook for break through the upper boundary of triangle and fresh attempt at 1.3689/1.3700, to possibly open way for test of key short-term barrier at 1.3800. Near-term studies, holding above midlines, support the advance, with 20 day MA at 1.3545, underpinning. Bull trendline at 1.3540 and day