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Sep 09

TECHNICAL ANALYSIS BY NSFX 09.09.2014

By:Nati

High:  Low: 

Support towards 0.9250 following the 85 pip drop during yesterday's session. Resistance could now be offered at the 0.93 figure. Going forward we could see the 200 day SMA an important area with bearish traders possibly looking for a break of this level to increase sell orders. Breakout traders from the 0.92-0.94 figure range could give the long term direction following this consolidation period.

R3
R2
R1
S1
S2
S3