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Aug 27

TECHNICAL ANALYSIS BY NSFX 27.08.2013

By:

High:  Low: 

EurUsd is trading between the 21SMA and the static resistance in area 1.3419. The greenback should benefit from a risk reversal market sentiment and in that case the pair can reach 1.32 area first and then 1.3150.  Only above 1.3420 traders with intermediate time horizon will join the rally.

R3
R2
R1
S1
S2
S3