/ 

Dec 31

TECHNICAL ANALYSIS BY NSFX 31.12.2013

By:

High:  Low: 

The pair yesterday found support on the 21SMA and only a breakout above 1.3810 could trigger stop losses of short positions and lift the pair to test 1.39. Above this area 1.42 and then 1.45. If the Usd should gain momentum  1.372 could be the first support  level, but only below the bullish trendline that was generated on July the pair can retrace with a different speed with first target the 200SMA at 1.3345.

R3
R2
R1
S1
S2
S3