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Aug 23

TECHNICAL ANALYSIS BY NSFX 23.08.2013

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High:  Low: 

The short term trading zone of the pair is 1.3308-1.3416.  A breakout of the resistance could lift the pair to 1.3520 first and 1.3710 then. The low level of the ATR combined with pricing compression and the 3 days Jackson Hole FED meeting might be a perfect storm for the pair next Sunday. A retracement below 1.3260 might trigger stop losses of many  traders with intermediate time horizon.

R3
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R1
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S3