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Nov 26

TECHNICAL ANALYSIS BY NSFX 26.11.2013

By:Nati

High:  Low: 

On the daily chart we see a possible confirmation of a head and shoulders pattern, with the close last week below the neckline at 0.9264. Trend-line support currently towards 0.9056 on the chart may be tested should the formation play out. The low from the 5th of August of 0.8848 will be a major test of this bearish trend should price action continue lower.

R3
R2
R1
S1
S2
S3