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Forex Technical Analyses

26.07.2010 07:17
Technical Summary for Majors
EUR/USD Maintains positive tone off 1.2731, 21 July higher low, as the dip from 1.2965, last Friday’s low, found support at 1.2792, just above trendline drawn off 1.2522. Break above 1.2965 is now required to confirm the uptrend and open 1.3026 next. Above here to focus 1.3125, 38.2% of 1.5144/1.1875. Only loss of 1.3731 higher platform to weaken the structure and turn focus towards 1.2522. Res: 1.2965, 1.2989, 1.3026, 1.3073 Sup: 1.2859, 1.2834, 1.2807, 1.2776 GBP/USD Continues to trend
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