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Nov 13

TECHNICAL ANALYSIS BY NSFX 13.11.2014

By:Nati

High:  Low: 

The pair found support at the lower band of the trend-channel in the 0.7760 region in September. With the 0.78 figure now an area of interest. The upper resistance level towards the 200 day SMA. This area of resistance held and we could see a further test of the recent lows and a continuation of the bearish trend. A break above the 200 day SMA could see a return to bullish sentiment, and a break of the down-trend.

R3
R2
R1
S1
S2
S3