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Nov 16

TECHNICAL ANALYSIS BY NSFX 16.11.2014

By:

High:  Low: 

The rate left the muliyear low 1.2359 and tested the 21SMA. Above this level the pair might rise to 1.2825 and then to 1.3, an important area because there is not only a static support but the supply line as well that was generated from the 2014 top. The 200SMA is at 1.3331. Below 1.2359 EurUsd can test 1.2 and then 1.18, levels reached on 2012 and 2010 respectively.

R3
R2
R1
S1
S2
S3