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Apr 27

TECHNICAL ANALYSIS BY NSFX 27.04.2014

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The pair is making lower highs but managed to stay above both its 21SMA and the 55EMA.  A breakout above 1.39 might lift the pair to 1.40 and then 1.42. If selling pressure will increase 1.3650 should be the first relevant support and below it 1.3416. The intermediate target of a bearish scenario would be the test of the demand line generated the 22nd of July 2013.

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