Windsor Brokers Short
EUR/USD
Negative sentiment continues to drive the bloc currency lower, with succession of fresh lows posted on a daily basis. The price approaches our initial target at 1.2200, ahead of 1.2150, June 2010 low, loss of which to possibly open way towards psychological 1.2000 level in a short-term. Negative near-term studies keep the downside pressure, with descending 55 day EMA, currently at 1.2265, maintaining the downtrend. Any corrective action will face very strong barriers at 1.2300/35 and only break here will ease bear-pressure.
Res: 1.2245, 1.2265, 1.2300, 1.2333
Sup: 1.2200, 1.2150, 1.2115, 1.2100
GBP/USD
The near-term structure turns negative after yesterdays’s upside rejection at 1.5576 and sharp slide that took out 1.5500 and cracked more significant 1.5460/50, short-term ...
EUR/USD
The pair slides to a fresh 2-year low at 1.2235 after corrective move off 1.2255, previous low, stalled on approach to 1.2260 barrier, as 55 day EMA limited gains. Overall picture keeps negative tone, as the pair broke below daily triangle support at 1.2430 and sees test of 1.2200 and 1.2150 downside targets as likely short-term scenario. However, daily MACD bullish divergence, does not rule out stronger corrective action. Key barrier lies at 1.2400 zone and break here is required to improve short-term structure.
Res: 1.2300, 1.2320, 1.2333, 1.2363
Sup: 1.2251, 1.2235, 1.2200, 1.2150
GBP/USD
Maintains near-term positive tone off 1.5460, last Friday’s low, as gains tested initial barrier at 1.5450 so far. Yesterday’s dip to 1.5477, where bull trendline off 1.5460 contained, ...
EUR/USD
The latest action of the ECB and growing uncertainty over Eurozone’s debt crisis, keeps the bloc currency under increased pressure. The recent weakness through important supports at 1.2500 and 1.2400, has cracked the two year low at 1.2287, posted on 27 May, opening way for further decline. Overnight’s gap lower opening and price action being capped by 1.2300 barrier and 20 day EMA, keeps the downside in focus, with 1.2200/1.2150 seen next. Any corrective action should regain minimum 1.2360/1.2400, to ease current bear pressure.
Res: 1.2300, 1.2363, 1.2400, 1.2440
Sup: 1.2255, 1.2200, 1.2151, 1.2142
http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120709081558.gif
GBP/USD
The pair remains in a downtrend after upside rejection at 1.5700 zone, ...
EUR/USD
The pair find footstep at strong 1.2580 support, where Fib 38.2% of 1.2406/1.2691 ascend, along with hourly 55 day EMA that started to point higher, contained near-term reversal off 1.2700. Negative near-term structure does not see much of the latest bounce, as long as 1.2666, yesterday’s high, stays intact, with break here and more important 1.2700 barrier, needed to resume rally from 1.2400 base. Larger picture shows the pair’s short-term price action entrenched within 1.2400 and 1.2700 range, with tone aligned towards the upside. However, clearance of 1.2700 hurdle, where daily 20 day MA caps for now, would be a spark for fresh gains and test of key 1.2745 peak.
Res: 1.2613, 1.2642, 1.2666, 1.2679
Sup: 1.2582, 1.2552, 1.2515, 1.2500
GBP/USD
The near-term price action ...
EUR/USD
The Euro corrects past two trading days strong rally, sparked by positive news from EU summit. The single currency has registered the strongest daily gains in a past eight months, as rally from last Thursday’s base at 1.2406, extended close to 1.2700, psychological barrier, after clearing main bear trendline off 1.3282 peak at 1.2600. Short-term outlook maintains positive sentiment, as risk appetite comes back in play. Corrective pullback after slight gap higher opening, is testing broken bear-trendline, with further easing not ruled out and ideal reversal above 1.2550, to maintain short-term bulls. Clearance of key short-term barrier at 1.2745, 18/20 June double top, is required to open way for stronger recovery and expose 1.2800/25, next.
Res: 1.2642, 1.2679, 1.2691, 1.2700
Sup: ...
EUR/USD
The pair moves in a directionless mode, entrenched within 1.2440/1.2530 range, awaiting the EU summit. Hourly studies are neutral in past two days, while larger picture maintains negative tone, with immediate barrier at 1.2530, range top / daily 20 day MA. Break here to trigger recovery towards key near-term resistance zone at 1.2580/1.2600 and signal basing attempt at strong 1.2460/40 zone, Fib 61.8% of 1.2287/1.2745 / 26/27 / mid June rage lows. Loss of the latter, however, will open a fresh leg of short-term downtrend from 1.2745 and focus 1.2400, initially.
Res: 1.2529, 1.2550, 1.2580, 1.2600
Sup: 1.2500, 1.2470, 1.2440, 1.2409
GBP/USD
Continues to move within 1.5538/1.5650 range, as the near-term price action remains capped by bear-trendline off 1.6300. Negative near- ...
EUR/USD
The Euro continues to trend lower, ahead of EU summit, as negative sentiment, fuelled by comments of German Chancellor Merkel, Spanish auctions and Germany’s credit rating cut keep the price under pressure. As the pair touched strong support at 1.2440 yesterday, immediate focus turns towards 1.2400 and possible extension to annual low at 1.2287 in a short-term. Overnight’s brief consolidation was limited at 1.2500, by 55 day EMA, with negative near-term studies seeing not much prospect for further corrective action for now, with significant barriers above 1.2500, standing at 1.2530 and 1.2580.
Res: 1.2507, 1.2529, 1.2550, 1.2580
Sup: 1.2479, 1.2440, 1.2409, 1.2400
GBP/USD
The near-term outlook still sees the downside risk, as bounce off 1.5538, 25 June low, struggles at 1. ...
EUR/USD
The near-term price action moves in a consolidative mode after finding footstep at 1.2470 yesterday, but overall bearish tone remains intact for now. Recovery above 1.2500 handle was for now limited by initial resistance, also 55 day EMA, at 1.2520 zone, however, with hourly indicators pointing higher, potential exists for further correction. Strong barriers at 1.2580/1.2600 are expected to limit upside movements and only break here would allow for stronger bounce. On the downside, strong supports lie at 1.2470 and 1.2440 zone.
Res: 1.2523, 1.2550, 1.2580, 1.2600
Sup: 1.2470, 1.2462, 1.2440, 1.2409
GBP/USD
Corrective action off yesterday’s low at 1.5538, is approaching strong barrier at 1.5600, previous range top / bear-trendline off 1.5776, 20 June high. Break here is ...
EUR/USD
The negative sentiment continues to drive euro lower at the beginning of the week, as continuation of the strongest sell-off in past six months. After rather quiet movements overnight, the pair accelerates losses at the beginning of European session. Break below last week’s low at 1.2518, also 50% of 1.2287/1.2745 ascend and slide under 1.2500 handle, opens way towards Fib 61.8% support at 1.2462 and higher platform at 1.2440 zone. Strong barriers at 1.2580/1.2600 zone are expected to cap any corrective movements, while only firm break above 1.2600 would ease bear pressure.
Res: 1.2547, 1.2543, 1.2580, 1.2600
Sup: 1.2462, 1.2440, 1.2409, 1.2400
GBP/USD
Extends short-term weakness off 1.5776, 20 June high, as price broke below Fib 38.2% of 1.5267/1.5776 rally at 1.5581, last ...