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Jul 19

TECHNICAL ANALYSIS BY NSFX 19.07.2015

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High:  Low: 

The rate dropped for three consecutive sessions and might test the dynamic support in area 1.0745. Below this level the rate might test  the multiyear low 1.0456 and if this static support will fail EurUsd will have high probability to test the parity.  Above the short term supply line generated last month there is the medium term resistance in area 1.1482 and  near this level there is the supply line generated last year when EurUsd reached 1.4. The RSI indicator, now at 36, is close to the oversold level.

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