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Dec 20

TECHNICAL ANALYSIS BY NSFX 20.12.2013

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High:  Low: 

Third consecutive negative trading day for the EurUsd. The pair is above 1.36 and if the positive moment for the US dollar should continue the cross rate might fall to 1.3540 and below it to test the 200SMA at 1.33. In case the pair should rebound only above 1.3810 buyers pressure will be positive and then 1.4 would be the next target.

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