TECHNICAL ANALYSIS BY NSFX 13.03.2016
The rate found support on the dynamic demand line and then soared more than 300 pips, making a breakout of its flat 200SMA. Next resistance the medium term supply line in area 1.13 and then the last August top in area 1.17. If EurUsd will trade above this level is likely to see the rate to test 1.2. If the pair will trade beneath the demand line tested successfully last week it would be possible to test area 1.05 and below this area EurUsd may drop to the parity.