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Nov 08

TECHNICAL ANALYSIS BY NSFX 08.11.2013

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High:  Low: 

Today the pair is moving in a narrow range after the more than 200 pips yesterday intraday drop.  Likely a pullback of the trendline in area 1.348 and 1.3618 would be an important test for bullish expectations. In case the distribution path should continue yesterday low is the first support at 1.3297, followed by the 200SMA in area 1.3204.

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