TECHNICAL ANALYSIS BY NSFX 24.12.2013
The pair after the double bottom today is retracing a little bit. If the positive momentum should continue the first target should be at 0.9 then 0.9157. An intermediate target, the 200SMA actually at 0.9435 could be a good achievement considering that the pair rebounded at 0.88 area. If risk appetite should decrease below 0.88 it can dive to 0.85 and to 0.81 ( a level reached during the flash crash in 2010).