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Aug 22

TECHNICAL ANALYSIS BY NSFX 22.08.2014

By:Nati

High:  Low: 

The trend channel support towards 0.7870 saw Euro interest, finding resistance towards the 0.80 figure before selling off to the support level of 0.7920. Subsequent buying took out the 0.80 figure resistance before the 0.8035 level saw possible profit taking, and this may be tested again this session. Support expected towards the 50 day SMA and the 0.7960 level.

R3
R2
R1
S1
S2
S3