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Jul 25

TECHNICAL ANALYSIS BY NSFX 25.07.2013

By:Nati

High:  Low: 

In a downtrend since the double top of late March/early April we see support for the moment at 0.9407, the low of the 15th of this month, a break below that level could see a retest of the low of the month at the 0.935 area. Further long term support could coincide with the S3 pivot level at 0.9216. The resistance trendline could has offered strong sell orders this month, and would be likely to continue, although a close above this may prove a reversal of trend.

R3
R2
R1
S1
S2
S3