TECHNICAL ANALYSIS BY NSFX 08.06.2014
The rate made a double pullback against the lower band of the channel and at the same time tested the supply line that links lower highs that was generated from the 2014 top last month. The framework should be bearish in the short term with target the 200SMA at 1.65. Below this level there is a relevant static support at 1.6257. A breakout of the supply line should lift the pair to 1.70 then to 1.72.