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Jun 18

TECHNICAL ANALYSIS BY NSFX 18.06.2013

By:admin

High:  Low: 

Volatility has decreased and yesterday, the pair only managed to trade in a 63-pip range compared to more than a figure, according to the daily ATR100. Key resistance still at the 50% Fibo retracement in the 2010 low - 2011 high wave, at 1.3390 and on a daily basis, we see that although lower levels are tested, indicated by the lower shadows of the recent candles, the pair remains relatively bid. A close above resistance is needed to re-affirm bullish scenario.

R3
R2
R1
S1
S2
S3