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Jan 25

TECHNICAL ANALYSIS BY NSFX 25.01.2015

By:

High:  Low: 

The rate last week reached a level that was traded the last time on September 2003. Below 1.1 EurUsd could drop to 1.07 and then it might try to reach the parity. In case profit taking of shorts trade should trigger a rally the first relevant resistance would be at 1.1452. Above this level the pair might rise to 1.17 and then to 1.20.

R3
R2
R1
S1
S2
S3