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Aug 05

TECHNICAL ANALYSIS BY NSFX 05.08.2013

By:admin

High:  Low: 

On a weekly basis, the pair managed to stay above 1.5190 61.8% Fibo support (2010 low – 2011 high wave), but experienced the first losing week in four. Daily, the pair broke out of  a short term down trend on Friday, and is currently is flirting with the 50- and 100-day SMAs, where a close above would open up for a move to trend resistance at 1.5350. Support seen at 1.5230 before 1.5155-area.

R3
R2
R1
S1
S2
S3