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Jul 18

TECHNICAL ANALYSIS BY NSFX 18.07.2013

By:admin

High:  Low: 

Following a break trough of the cluster of daily SMAs, the pair was rejected at the 38.2% Fibo retracement in the recent wave and is now testing the 200-day SMA. Stochastics approaching overbought territory, but no signs of divergence yet. Should we see a break of the 200-day SMA, this opens up for a test of the 50- and then 100-day SMAs at 1.3056 and 1.3030, respectively.

R3
R2
R1
S1
S2
S3