TECHNICAL ANALYSIS BY NSFX 30.08.2015
The rate made a breakout of the supply line and then retraced below this dynamic resistance making 4 consecutive losing session. It found support on the 21SMA and below this level it might test the demand line in area 1.0830 and then the parity. In case the pair will be lifted by positive momentum above 1.17 it should test 1.1895 and then 1.2. EurUsd left the overbought level on the RSI indicator.