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Oct 17

TECHNICAL ANALYSIS BY NSFX 17.10.2013

By:admin

High:  Low: 

After a rapid sell-off , the pair has for the last 20 hours been well bid, enforced by a buy-signal in the Stochastics oscillator. Currently, the pair is testing the 50% Fibonacci retracement in the ST wave from 1.6250-1.5894 at 1.6076, where a close above would open for a test of 1.6120-area. As long as we stay above 1.5895, the scenario is set for a buy-on-dips.

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