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Jul 04

TECHNICAL ANALYSIS BY NSFX 04.07.2013

By:admin

High:  Low: 

The pair tested trend support from the March 2013 lows, but did not manage a close below. Currently, the 61.8% Fibo retracement in the 2013 lows to June highs at 1.30 seems pivotal, but we need to close above the cluster of resistance in the 1.3075-1.31-zone to establish a more bullish sentiment. We could see a re-test of trend support at 1.2970, where a break would open up for a potential move to 1.2920.

R3
R2
R1
S1
S2
S3