Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)

[WindsorBrokers]

EURUSD

The Euro continues to trend higher within daily channel off 1.3475 base. Near term focus remains at psychological 1.4000 barrier, as the approached the target on extension to 1.3965, seen on 13 Mar. The price action consolidates under the recent top, with downside being so far protected at 1.3840 zone, where 4-hour 55SMA / daily Tenkan-sen line and Fibonacci 38.2% of 1.3642/1.3965 upleg, offer good support. Near-term action moves around 1.39 handle, following last Friday