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Jul 26

TECHNICAL ANALYSIS BY NSFX 26.07.2013

By:admin

High:  Low: 

The pair looks to close in negative for the third week in a row, currenly below the 100-week SMA at 0.9307 and on weekly, the next level of support is at 0.9130. Daily, the pair broke free of the 200-day SMA yesterday and is testing the 76.4% Fibo retracement at in the recent wave at 0.9280 in time of writing. Daily Stochastics in oversold territory could keep a damper on additional downside, but a move to 0.9240 is not unlikely.

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