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May 21

TECHNICAL ANALYSIS BY NSFX 21.05.2014

By:Nati

High:  Low: 

Support at 101.20 an  important level, giving way this session taking out a number of stops. The next area of support expected towards February’s low at 100.75. The resistance level now expected towards 101.60 with the  102.60 area possibly a ceiling to a range before a breakout can occur. Should bullish price action breach then the 103.30 level could offer resistance going forward.

R3
R2
R1
S1
S2
S3