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May 02

TECHNICAL ANALYSIS BY NSFX 02.05.2014

By:

High:  Low: 

The pair is making a pullback after the breakout of  the supply line that links lower highs.  The exchange rate might rise to 1.396 and then to 1.4250, a level traded the last time on October 2011. If EurUsd should drop it might test 1.3710, the 200SMA and then the dynamic trendline that links higher lows that was generated on May 2012.

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R1
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