Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

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EURUSD

The Euro extends recovery rally from 1.3294 low to eventually break above important 1.3546/63 barrier, 06/11 lower high / 50% retracement of 1.3831/1.3294 descend / daily Kijun-sen line, on extension to 1.3577 so far. Near-term bulls remain in play, with corrective pullbacks on oversold hourly conditions, expected to interrupt rally. Initial support lies at 1.3500, round figure / daily cloud top, ahead of lower top at 1.3486, also near 20/55DMA