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Aug 09

TECHNICAL ANALYSIS BY NSFX 09.08.2015

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The pair could rise above the 21SMA and might test soon the 55EMA. Above this dynamic resistance there is the short term supply line generated last June. A breakout of this resistance can lift EurUsd to test the intermediate static resistance at 1.1482. This level is also the 6 month high of the rate. Below the medium term trendline EurUsd can test its multiyear low at 1.0452 and then below this level the rate should test the parity. The RSI (14) oscillator at 48.79 does not suggest an inversion of the short term trend.

 

 

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