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Aug 08

TECHNICAL ANALYSIS BY NSFX 08.08.2013

By:Nati

High:  Low: 

In the overall down trend a possible retracement could be happening. A close above 0.9030 could see that as a supporting level in the coming days, and resistance could possibly be seen between 0.9130/40. The 23.6% Fibonacci level and the 50 day SMA at could eventually be tested should an abundance of buyers enter the market although it seems probable that the downtrend will continue in the medium to long term.

R3
R2
R1
S1
S2
S3