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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 5, 2014.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Feb 18, 2010
    Likes Received:

    Yesterday’s sideway action was maintained by 1.3720-1.3780 zone. Where today we wait for a test of 1.3720 and if broken a continuation lower is seen towards to 1.3690 and then 1.3640-70 zone. On the upside, waiting for a bounce above 1.3745 for a test of 1.3780-90 and if broken, again we will see another test of 1.3825.

    Res: 1.3745, 1.3780, 1.3790, 1.3825
    Sup: 1.3725, 1.3690, 1.3670, 1.3640



    So far 1.6640 zone was maintained with few tests a little bit higher at 1.6650s zone.
    A break below this level would open 27th Feb low at 1.6615 low and then 24th Feb low at 1.6580. on the other hand, if 1.6640 was maintained again we will see a jump higher towards 1.6710 zone and maybe higher towards 1.6750-70

    Res: 1.6710, 1.6750, 1.6770, 1.6795
    Sup: 1.6645, 1.6615, 1.6580, 1.6530



    After the rise that was made the past couple of days from the bottom of 101.20, the pair is still rising higher probably towards the higher border of the sideways trend at 102.80-90 zone. A break there would open more to the upside towards 103.50. on the other hand any pullback should be maintained at 101.85-95 zone, and a break below there would open again the bottoms of 101.20

    Res: 102.00, 102.30, 102.75, 102.90
    Sup: 101.55, 101.25, 100.80, 100.50



    The pair tested the peak of 28th Feb at 0.8990 reaching 0.8997 before reversing lower towards 0.8935. seeing a higher high/low patter for the past couple of days we will wait for a retest and break of 0.8990 zone where a continuation is seen at 0.9025 and 0.9050
    Only a break below 0.8930-35 would open 0.8870-90 zone.

    Res: 0.8990, 0.9025, 0.9050, 0.9080
    Sup: 0.8930, 0.8890, 0.8870, 0.8825


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