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Jul 10

TECHNICAL ANALYSIS BY NSFX 10.07.2013

By:admin

High:  Low: 

The pair took out May 2013 lows and closed below trend support from November 2012. However, the bearish momentum was not enough also to take out 2013 lows at 1.2745, which now acts as key support. A close below would open up for a test of Nov 2012 - 2013 high wave low at 1.2661. Oscillators on daily showing more or less oversold territory, which could ease the bearish move.

R3
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R1
S1
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S3