Windsor Brokers - Short Term Technical Analysis for Majors (07:50 GMT)

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Windsor Brokers - Short Term Technical Analysis for Majors (07:50 GMT)

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09-15-2010, 05:40 AM

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Windsor Brokers - Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD
Break above key 1.2920/31 resistance area completes a four week base, targeting 1.3045, 61.8% retracement of 1.3332/1.2586 downleg, with 1.3032 seen so far. Break above 1.3045 will open 1.3074/1.3128. Downside, 1.2920 offers initial support, while loss of 1.2828 sidelines near-term bulls.

Res: 1.3032, 1.3045, 1.3074, 1.3128
Sup: 1.2955, 1.2920, 1.2875, 1.2828

GBP/USD

Extends recovery from 1.5346, yesterday

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