TECHNICAL ANALYSIS BY NSFX 08.05.2014
Resistance towards 1.3893, last December’s high, gave way this week. We could now see 1.3930 targeted before the March 13th high of 1.3966 can come into play. Most of April saw 1.38 offering support and we could see a continuation of this range should 1.3893 hold, a close above this area could now see support raise to the 1.3865 area. But expect 1.3893 offering support before we can test lower.