TECHNICAL ANALYSIS BY NSFX 10.05.2015
The rate made a double top after it could not rise above its 200SMA. The 21SMA just crossed the 55EMA, thus trend followers might add long position and push for a breakout. 1.60 can be considered the short term target and above this level the rate can test 1.625 . In case the pair should fail below 1.5080 is would be likely another test in area 1.4630.