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Nov 02

TECHNICAL ANALYSIS BY NSFX 02.11.2014

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The rate broke the short term demand line and made a double bottom at 1.2490. If buyers will try to create a rally the pair might test 1.272 and then 1.2825. Above this area the rate might jump to 1.3. Below 1.2490 EusUsd can fall to 1.2266 and then can test 1.2046, a price reached on summer 2012. Both ATR and RSI have a negative slope at the moment.

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