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Aug 14

TECHNICAL ANALYSIS BY NSFX 14.08.2013

By:admin

High:  Low: 

The pair continued on the offer yesterday after a test of the bear trend projected from the 2013 highs. The pair did not manage to close below the 76.4% Fibo retracement in the wave from June highs to July lows. Intra-day, we could see additional downside below 1.3240, which will open up for a test of sub-1.31 levels. We need to close above the bear trend in order to turn bullish.

R3
R2
R1
S1
S2
S3