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Nov 11

TECHNICAL ANALYSIS BY NSFX 11.11.2013

By:

High:  Low: 

The pair is trading below the 55EMA and if the cross rate will continue to drop 0.93 area will be the first significant support and below that level price could accelerate and dive down to 0.9. If buyers will be in control again 0.9434 will be the first test and then 0.9536. An important signal in a trading environment of higher highs and higher lows would be the breakout of the 200SMA.

 

 

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