/ 

Jul 24

TECHNICAL ANALYSIS BY NSFX 24.07.2013

By:admin

High:  Low: 

The pair found bids at the 50-day SMA and is currently back around the 100-level, where a break of the 38.2% Fibo retracement in the recent wave at 99.94 would give room the a test of trend resistance at 100.70, where we expect to see offers. On the downside, the Wedge formation should support the pair as long as 99.25 holds. Below, we could see a test of the 50% Fibo retracement at 98.75.

R3
R2
R1
S1
S2
S3