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Mar 11

TECHNICAL ANALYSIS BY NSFX 11.03.2014

By:admin

High:  Low: 

The pair broke free from the downtrend projected from the Aug 2013 highs and closed above the 100-day SMA as well. Current resistance at the Feb 2014 highs at 0.8350, where a break could open up for a test of 0.8420-area (38.2% Fibo resistance on 2012 low – 2013 highs). Daily oscillators approaching overbought territory, but so far no signs of divergence.

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R1
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