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Oct 23

TECHNICAL ANALYSIS BY NSFX 23.10.2013

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Today a monthly chart of the most traded currency pair will be used because the EurUsd after 1.37 breakout is getting close to the supply line that started on July 2007.  Area 1.3940 is going to be a very important rotational point. In case of a breakout the long term trend will be lateral or bullish instead of bearish, with targets 1.45 and 1.49. In case a retracement should occur the first relevant support would be in area 1.33

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