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Aug 21

TECHNICAL ANALYSIS BY NSFX 21.08.2013

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The pair is trading in a very important area because if 1.3418 is a valid resistance point then the trading environment could change and the area 1.34-1.27 will be the trading arena for the coming months. With risk aversion on the equities market the dollar has losed grounds instead of gaining, a change of correlation that traders should take in consideration. The Parabolic SAR is bullish but the low value of the ATR should indicate that volatility might appear soon.

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