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Jul 17

TECHNICAL ANALYSIS BY NSFX 17.07.2013

By:Nati

High:  Low: 

On the daily chart, following a major bearish move from early April, a slowdown in the strength of the EUR sees a wide range of consolidation for the month of June and into July. The pair could possibly use the Fibo 23.6% level drawn from the high in Oct 2008 and he low of July 2012 as support, a possibility to trade within the range exists until a confirmation of a continuation or reversal occurs.

R3
R2
R1
S1
S2
S3