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Aug 19

TECHNICAL ANALYSIS BY NSFX 19.08.2013

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The daily chart of the German index shows that the uptrend still valid but area 8525 is a top that unlikely will be reached again soon.   A lateral market activity might occur but given the value of the ATR a correction to test the 200 daily EMA and the demand line is a valid market scenario as well. Price could accelerate the test below 8210.

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