Technical Analysis: Technical Summary for Majors

[Carlos]

Welcome to your favorite news channel. This is just in

EUR/USD Yesterday’s break through 1.4200 barrier was capped at 1.4216, with subsequent pullback being contained above 1.4100 mark, keeping near-term positive tone in play. Hourly studies are regaining momentum for fresh attempt at 1.4200/16 resistance zone, clearance of which is required for retest of key barrier at 1.4281, to signal a resumption of latest uptrend from 1.3836. Downside is for now seen supported by 20 day MA at 1.4126 and yesterday’s low at 1.4107, loss of which would soften http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=Q04TK_Qdsjw:b4I7EtIOoTo:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=Q04TK_Qdsjw:b4I7EtIOoTo:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=Q04TK_Qdsjw:b4I7EtIOoTo:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=Q04TK_Qdsjw:b4I7EtIOoTo:F7zBnMyn0Lo)


Click here to Read More... (http://www.fxstreet.com/technical/analysis-reports/technical-summary-for-majors/2011-07-20.html)