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Mar 11

TECHNICAL ANALYSIS BY NSFX 11.03.2014

By:admin

High:  Low: 

The 50% in the 2007-2009 wave has been pivotal in 2014, and despite a decent bullish pressure, the pair was heavily rejected at the 1.12 figure. In the last month, the pair has formed a wedge on daily, meaning that something has to give. 50-day SMA provides support and an upside break of 1.1160 could be seen as the trigger for further upside towards the 2014 highs at 1.1236

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R1
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