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Oct 08

TECHNICAL ANALYSIS BY NSFX 08.10.2013

By:

High:  Low: 

The pair is struggling to stay above support 1.3570. A retracement below this level will bring price likely to test area 1.3466 and only beneath 1.3417 the market sentiment could turn negative.  The are 3 main resistance levels in case buyers will lift the pair:  the last week top at 1.3643, the 2013 top at 1.37  and thus the test of the bearish supply line in area 1.4.

R3
R2
R1
S1
S2
S3