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Jan 21

TECHNICAL ANALYSIS BY NSFX 21.01.2014

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The pair is making a multiple bottom and below 0.8230 many stop losses will be triggered and the cross rate would test 2012 levels at 0.8065 and and then 0.7955. If EurGbp should rebound it might test the 21SMA at 0.8296. Only above the supply line at  0.8390 area the trend would change from bearish to neutral-bullish.

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