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Oct 22

TECHNICAL ANALYSIS BY NSFX 22.10.2014

By:Nati

High:  Low: 

The pair found support at the lower band of the trend-channel in the 0.7760 region before buyers took control and have pushed prices towards the upper resistance level towards the 200 day SMA. Should this area of resistance hold we could see a further test of the recent lows and a continuation of the bearish trend. A break above the 200 day SMA could see a return to bullish sentiment, and a break of the down-trend.

R3
R2
R1
S1
S2
S3