TECHNICAL ANALYSIS BY NSFX 06.09.2015
The rate went below the 21SMA but found support on the 200SMA and closed just above the 55EMA. A breakout above 1.14 will lift the pair to test its eight month high 1.1728. If EurUsd would reach 1.2 many long position will be closed. A retracement below the demand line generated last March will pull the rate to test 1.0450. Below this level the parity still the target of bearish traders. The RSI is neutral and the ATR is near its 3 month high.