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Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

By:admin

High:  Low: 

Following three bearish days, the pair has gapped lower after the weekend, flirting with the 50-day SMA as well as the 50% Fibo retracement in the May high - June low wave. The pair is still above the Ichimoku Cloud, but bearish pressure is increasing. So far, the technical setup calls for higher levels unless we close back below or in the Cloud.

R3
R2
R1
S1
S2
S3