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Jan 15

TECHNICAL ANALYSIS BY NSFX 15.01.2014

By:Nati

High:  Low: 

The EUR is showing strength since last week’s low of 0.8230 where buying has pushed through the 0.8325 resistance level on the chart and tested the 50 day SMA resistance. 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 0.8380-0.84 area could possibly signify a reversal of the trend going forward.

R3
R2
R1
S1
S2
S3