/ 

Nov 20

TECHNICAL ANALYSIS BY NSFX 20.11.2013

By:

High:  Low: 

Yesterday the pair had a positive session and could rise above both the 21SMA and the 55EMA. Now the cross rate even is retracing still in a positive momentum and even the Parabolic SAR is bullish.  The first test is at  1.3645 and above this level at 1.3828. If selling pressure should increase the cross rate can retrace to 1.3417 and below this level in area 1.3357.  An intermediate bearish target would be the 200SMA in area 1.3244.

R3
R2
R1
S1
S2
S3