Technical Summary for Majors


EUR/USD Near-term correction from last Friday’s fresh 7-month low at 1.3211 broke through initial barriers at 1.3333/52, to challenge strong resistance zone at 1.3400/20. Gains were so far capped just under 1.3400, also main bear trendline. Break here to open way for stronger correction and expose psychological barrier at 1.3500. Hourly studies remain in the positive zone, however, overextended conditions risk fresh easing. Initial support at 1.3350/30 zone needs to contain dips, while below

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