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Jul 05

TECHNICAL ANALYSIS BY NSFX 05.07.2013

By:admin

High:  Low: 

The pair took a big move yesterday with a range of 140 pips against and ATR(100) of 105 and closed below trend support from mid-May, probing for a test of trend support from April lows at 1.2855. The pair is establishing a more defined down-trend and we need to see a close above the 1.30-level in order to turn bullish.

R3
R2
R1
S1
S2
S3