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Sep 28

TECHNICAL ANALYSIS BY NSFX 28.09.2014

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The negative trend of the rate continued and went below 1.27 . The next support might be 1.24 and then 1.22 area, where it could test the demand line generated four years ago. Is likely a short term rally after several negative sessions. Above 1.30 the pair might test the supply line generated fron the 2014 top at 1.4. On the weekly chart is possible to see the long term trend of EurUsd.

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