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Oct 01

TECHNICAL ANALYSIS BY NSFX 01.10.2013

By:admin

High:  Low: 

The pair took out the September highs this morning at 1.3568, but has found offers at 1.3588 so far. Technically, the weekly picture is very intersting with the pair looking to close above the 50% Fibonacci retracement at 1.3507 in the wave from 2010 higs to 2009 lows. A close above would open up for a test of the 2013 highs at 1.3711. Intra-day, the overbought oscillators could keep bids muted, but the bias is still positive, before a divergence is confirmed.

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