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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 06.03.2016
HIGH: | LOW:
The rate is trendless, with a flat 200SMA. Actually is struggling against both the 21SMA and 55EMA dynamic resistances. Above 1.1155 the rate may test 1.1458 and then the medium term static resistance in area 1.1707. Below 1.0835 EurUsd can test the demand line in area 1.0530 and beneath this level the pair may reach[...]
TECHNICAL ANALYSIS BY NSFX 04.03.2016
HIGH: | LOW:
The Euro has been performing well against the GBP recently. Resistance reached towards the 0.79 figure area, sees the current pullback towards the 0.77 figure support. Should bearish sentiment resume and the 0.77 level and the 50 Day SMA give way the 0.75 figure could be eyed by traders.
TECHNICAL ANALYSIS BY NSFX 04.03.2016
HIGH: | LOW:
Finding support recently with a double bottom in the 111 figure area a pullback to current levels seeing recent resistance levels between 114.50-114.80 and a break to the upside could target the 116 figure level resistance.