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Jul 05

TECHNICAL ANALYSIS BY NSFX 05.07.2015

By:

High:  Low: 

The rate is trading below the most relevant moving averages and might retrace below the 1.0980 support. In this scenario EurUsd should test the demand line that link higher lows generated last March, when the pair reached its multiyear low at 1.0460. In case EurUsd should trade below this dynamic support is likely that will be tested the parity.  Only above 1.1464 the rate will gain positive momentum and would be possible to test the supply line generated last year from the top at 1.4.

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