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Dec 24

TECHNICAL ANALYSIS BY NSFX 24.12.2013

By:

High:  Low: 

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).

R3
R2
R1
S1
S2
S3