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Jul 12

TECHNICAL ANALYSIS BY NSFX 12.07.2015

By:

High:  Low: 

The rate might rise to test the 200SMA, now at 1.1373. Above this dynamic resistance the pair can test the upper band of the trading range that was developed 5 months ago. The rate can test 1.1464 and then there will be the supply line that links lower highs generated from the last year top. In case selling pressure will occur EurUsd can slide to 1.0880 then 1.0684. The parity would be considered the target of an intermediate bearish wave.

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