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Jan 06

TECHNICAL ANALYSIS BY NSFX 06.01.2014

By:

High:  Low: 

The cross rate is off its intraday low at 104.1 where is tested the 21SMA and it made a double bottom with last friday candle.  Now is likely a test of 105.41 and above this level  107 will be probably another resistance area.  In case the pair should drop below 103.78 it could test 102.47.  The bearish target would be the 200SMA at 99.8.

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R1
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