Forex Technical Analysis on Majors


EUR/USD     Current level – 1.3312 The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301  and 1.4020. With the recent gap from 1.3230 the outlook is positive, towards a tight test of 1.3420 resistance. A break beyond the

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