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Jul 04

TECHNICAL ANALYSIS BY NSFX 04.07.2013

By:admin

High:  Low: 

Daily, the pair had a decent bull run yesterday, but did not manage a clear close above the 100-day SMA, which now acts as resistance as well as the 50% Fibo retracement in the wave from March 2013 to June 2013. A break above would open up for a test of the 1.5380-1.54-area. Downside, keep an eye out for the 1.5185-level before 1.5120.

R3
R2
R1
S1
S2
S3