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Dec 17

TECHNICAL ANALYSIS BY NSFX 17.12.2013

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EurUsd can rise to 1.381, the SAR parabolic is bullish and the test is not far from current market price. A breakout above this level can lift the pair to 1.4257 ( price traded in 2011), but before the psychological threshold of 1.4 has to be won.  If the Dollar should gain ground against the EUR 1.3643 might be a valid test, a coincidence of both a price spike reached on September. The 200SMA in area 1.33 is nearly  a  50% retracement from the market top considering the rally of the pair that started last July.

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