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Forex Technical Analyses

23.07.2010 07:16
Technical Summary for Majors
EUR/USD Correction off 1.3026 reached 1.2731 on 21 July, ahead of fresh push higher. Initial resistance at 1.2921 has been dented, with 1.2928 seen so far. Sustained break here is required to confirm higher low and expose 1.3026, ahead of possible extension to 1.3073/1.3125 on a break. Upside rejection at 1.2928, however, risks 1.2776, trendline support first, then 1.2731. Res: 1.2899, 1.2928, 1.2989, 1.3026 Sup: 1.2838, 1.2817, 1.2776, 1.2731   GBP/USD Price action off 1.5123, 21 July
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