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Jul 01

TECHNICAL ANALYSIS BY NSFX 01.07.2013

By:admin

High:  Low: 

After testing the 38.2% Fibo retracement in the April lows to June highs, the pair has consolidated in the 1.30-1.31-range. A heavy layer of resistance from 1.3075-1.3115 with a covergence of the 50-, 100- and 200-day SMAs as well as the 50% Fibo in same wave. Market still skewed to the downside and a close below 1.30 would open up for a test of 1.2930. Keep an eye on the daily stochastics, which still are in oversold territory.

R3
R2
R1
S1
S2
S3