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

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

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03-25-2014, 06:08 AM

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

EURUSD

The Euro bounced through 1.3820 barrier which capped near-term consolidation and spiked at 1.3874, marking 61.8% retracement of 1.3946/1.3748 fall. Formation of double-bottom pattern signals further upside, as hourly technicals are positive. Pullback off fresh high at 1.3874 attempts to consolidate above previous peak at 1.3825, with hourly bullish 20/55SMA

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