English
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May
31
TECHNICAL ANALYSIS BY NSFX 31.05.2015
By:
High: Low:
The rate is trading below the most relevant moving averages and is also in the middle of the medium term trading range 1.046-1.15. A breakout on the higher side of the range will find the 200SMA as the nearest relevant resistance and then above this level the pair might soar to 1.2. Below the multiyear low, that is working as a lower band of the range, the rate can test the parity. EurUsd might leave the oversold level, but a development of a short term bullish trend will materialize only if the rate will consolidate above both the 21SMA and the 55EMA.
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| R1 |
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| S3 |