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Jul 15

TECHNICAL ANALYSIS BY NSFX 15.07.2013

By:admin

High:  Low: 

Weekly, the pair was overall bearish, but held up by the Tenkan-Sen in the Ichimoku Cloud. Daily. the pair has this morning broke Cloud resistance and is currently testing the 50-DAy SMA at 99.51. Should this be taken out, we could see a test of 99.90-100 before the path is cleared for a test of trend resistance, currently at 101.20. Downside, we need to close below Cloud support for bearish acceleration.

R3
R2
R1
S1
S2
S3