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Oct 25

TECHNICAL ANALYSIS BY NSFX 25.10.2013

By:

High:  Low: 

After the breakout of 1.37 the pair is trading less than 200 pips distance from the key resistance area at 1.4.  A breakout of that supply line that was generated on summer 2007 when the pair had its historical high at 1.6 could lift EurUsd to 1.42 first and then to 1.45. In case the pair should retrace the first relevant support is at 1.37. Below this level 1.3610 and 1.3459 can work as support.

R3
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R1
S1
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S3