TECHNICAL ANALYSIS BY NSFX 27.03.2016
The rate made a double top in area 1.1356 and may test soon the 200SMA, now in area 1.1030. Beneath this dynamic level there is the demand line that links higher lows generated the last December. If EurUsd should break this medium term bullish trendline is likely a test of the last march lows in area 1.0450. A breakout above 1.1356 can lift the pair to test 1.1710 and then 1.20.