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Jan 08

TECHNICAL ANALYSIS BY NSFX 08.01.2014

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High:  Low: 

The pair found resistance in 3 trading session to rise above the 21SMA and the demand line that was generated on July 2013 still valid. Breakout traders will take positions above or below those dynamic levels and in a bullish scenario above 1.39  the pair could reach 1.42. If the dollar should gain momentum below the trendline there is the 200SMA at 1.3368.

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