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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 19.02.2016
HIGH: | LOW:
EUR retreated against USD after testing pivotal trend line support-turned-resistance set from mid-March. EURUSD closed down for the fifth day in a row. The pair is currently battling with a bearish 20 MA, while the technical indicators are still below their mid-lines, far from supporting a stronger advance.
TECHNICAL ANALYSIS BY NSFX 18.02.2016
HIGH: | LOW:
Currently, we are off the low by a few hundred pips, but there are a few sticks in the mud worth noting and that should keep our attention focused on recent lows that may not hold. We maintain our USDJPY forecasts of 122.00, 125.00 and 130.00 in 3, 6 and 12 months.
TECHNICAL ANALYSIS BY NSFX 18.02.2016
HIGH: | LOW:
AUD matched the highest since Feb 4 on Wednesday but it has not been able to break the previous day's high. Set stop at the near-by swing low/reasonable distance from entry; look for at least 1:1 risk-to-reward.