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Jan 13

TECHNICAL ANALYSIS BY NSFX 13.01.2014

By:Nati

High:  Low: 

The EUR is showing strength since last week’s low of 0.8230 where buying has pushed towards the 0.8325 resistance level on the chart. Possibility of this being just a retracement in the downtrend is still there since the sell off in July has yet to be reversed. A close above 0.8380 could possibly signify a reversal of the trend going forward.

R3
R2
R1
S1
S2
S3