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Nov 04

TECHNICAL ANALYSIS BY NSFX 04.11.2013

By:

High:  Low: 

After 6 consecutive negative trading session EurUsd today is off from its intraday low and is doing a pullback on the 55EMA.  If a breakout should occur then price could reach 1.3635 area and then 1.375. The main resistance obviously remain the 2013 top at 1.3831.  If selling pressure should continue the first support should be in area 1.34. Considering the speed of the retracement the 200SMA in area 1.32 could be reached in a short a time frame.

R3
R2
R1
S1
S2
S3