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May 10

TECHNICAL ANALYSIS BY NSFX 10.05.2015

By:

High:  Low: 

EurUsd is making higher highs and higher lows, a positive trend that was generated last month and it can be seen as a channel. The 21SMA is crossing the 55EMA and this is another bullish factor.  The rate can test the 200SMA, now at 1.1760 and above this dynamic level it can reach the static resistance at 1.2. If the pair will fail below the bullish trendline the closer support should be the multiyear low at 1.0460 and below it might test the parity.

R3
R2
R1
S1
S2
S3