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Feb 12

TECHNICAL ANALYSIS BY NSFX 12.02.2014

By:admin

High:  Low: 

EUR/USD was rejected to close above the 38.2% Fibo in the wave from Oct -Dec 2013 and is back testing the 50-day SMA and trend resistance from the Dec 2013 highs. The 100-day SMA just below provides support ahead of the 50% Fibo in same wave. A close above trend resistance would open up for a test of 1.37 and then 1.3740.

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R1
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S3