Windsor Brokers - Short Term Technical Analysis for Majors (13:45 GMT)

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EUR/USD

Extends reversal after an upside failure at 1.2468 on 21 Jun. Market has so far found support at 1.2243/40, 38.2% retracement of 1.1875/1.2468 upleg / 17 June higher platform, though, risk remains for fresh weakness through 1.2240, to target 1.2162 next. Upside, break above 1.2327/53 zone is needed to ease bear pressure and refocus 1.2468.

Res: 1.2327, 1.2353, 1.2398, 1.2415
Sup: 1.2243, 1.2214, 1.2162, 1.2110




GBP/USD

Reversed lower, following an upside failure at 1.4935 on 21 June. Yesterday