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Jan 17

TECHNICAL ANALYSIS BY NSFX 17.01.2014

By:admin

High:  Low: 

The pair sustained below the 50-day SMA yesterday and is currently testing the 100-day SMA and 50% Fibo retracement in Nov-Dec 2013 wave. A close below would open up for a test of 1.3580 before recent lows at 1.3548. Upside, we need a close back above the 50-day SMA and a supportive close above 1.37 to confirm bullish scenario.

R3
R2
R1
S1
S2
S3