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Jun 01

TECHNICAL ANALYSIS BY NSFX 01.06.2014

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The pair is trading below its most relevant moving averages and might do a pullback against the 200SMA.  A breakout of this dynamic resistance could lift the rate to 1.3831 and then to the 2014 top in area 1.3980. If another bearish wave will occur EurUsd might test 1.3559 and then the trendline that links higher lows that was generated on summer 2012. Below the dynamic support many stop losses will be triggered and the pair can fall to 1.33.

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