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Mar 29

TECHNICAL ANALYSIS BY NSFX 29.03.2015

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The rate could rise above its 21SMA but found resistance  in area 1.1  The rate is trading very close to its medium term supply line, and if it will break this dynamic resistance we might see a short term rally.A breakout above this level can lift the pair to 1.1275 and then to 1.1464. Below last Friday low, 1.0800, EurUsd can slide to 1.047. The parity still the target for position traders that are long on the greenback.

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R1
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