Forex Technical Analysis on Majors


EUR/USD     Current level – 1.3421 The pair is in a broad consolidation pattern below 1.4580 resistancearea and current sell-off from 1.4550 is expected to be the final slideto complete that pattern. Technical indicators on the larger frames areneutral and trading is situated betweenthe 50 and 200 dailySMAs,currently projected at 1.4301  and 1.4020. The consolidation pattern below 1.3548 is probably complete and theintraday bias is positive for a test and break through

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