TECHNICAL ANALYSIS BY NSFX 29.07.2013
This pair highly correlated to EUR/USD also showed a third weekly gain in a row. Daily, the pais has not been able to take out the 38.2% Fibo retracement at 1.5393 and short term momentum has turned bearish with trend resistance at 1,5410. A break above would open up for a test of 1.5477. However, the last two days have been lacking direction and we could see the trend resistance being respected. Support at 1.5350 before the 1.53-figure.