Technical Summary for Majors


EUR/USD Remains under pressure, as the worsening situation in the Eurozone, continue to drive the pair lower. Overnight’s fresh weakness briefly probed levels under 1.3300 handle, with weekly close below here, to signal further weakness and look for full retracement of 1.3145/1.4246 rally. Some profit taking and bounce higher is not ruled out, as the end of the week comes, however, while 1.3410, previous strong support, now resistance, also Fib 50% of 1.3529/1.3297 downleg, contains the upside

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