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Apr 12

TECHNICAL ANALYSIS BY NSFX 12.04.2015

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The multiple top at 1.1 was a valid static resistance and the rate could not rise above its 55EMA. EurUsd can slide to its multiyear low 1.0451 and below this level it will test the parity. Above 1.1 the rate can rally to 1.146 as a first target considering that many stop losses of short positions will be triggered.

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