/ 

Nov 19

TECHNICAL ANALYSIS BY NSFX 19.11.2013

By:

High:  Low: 

The pair is off its intraday high and is trading very close to its low of this session. The 55EMA seems that is working as resistance and if another bearish leg should start area 1.337 is the most relevant support. Below it there is the 200SMA in area 1.3215. If selling pressure should increase its pace a medium term target price of 1.31 is possible. In case the cross rate can make a breakout of both moving averages and the top in area 1.3568 it  might reach 1.3638 first and then 1.3826.

R3
R2
R1
S1
S2
S3