TECHNICAL ANALYSIS BY NSFX 22.01.2014
The pair reached a new 2014 low and likely will make a pull back of the static support broken. If the cross rate should continue its bearish path will likely test 0.8090 and then 0.7961. If buyers will lift the price the first resistance should be in area 0.8295. Market sentiment will change with the breakout of the supply line generated in area 0.8768 and further bullish activity could be seen above the 200SMA in area 0.8461.