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Mar 15

TECHNICAL ANALYSIS BY NSFX 15.03.2015

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The rate made a new multiyear low and might develop a range before to try another distribution phase with the parity as a target.  The pair is oversold but the RSI rose when EurUsd made a new low thus it might be anticipating a short term rally with key level at 1.0812. Above the medium term supply line generated on December 2014 the pair might rise to 1.15. Below 1.02 the pair should accelerate to test the parity and below this static and psychological support the rate could test area 0.9622.

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