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Jan
14
TECHNICAL ANALYSIS BY NSFX 14.01.2014
By:admin
High: Low:
The pair has had a decent bull run in H2 of 2013 and managed to print a 2014 high just above the 1.66-figure, where offers have kicked in. The pair has attempted to push higher once again, but the recent up-moves have not been convincing. Yesterday, we saw a bearish engulfing pattern, which could add pressure to the downside – the 50-day SMA at 1.6367 is in play, where a break would open up for a test of the 100-day SMA at 1.6200.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |