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Nov 06

TECHNICAL ANALYSIS BY NSFX 06.11.2013

By:

High:  Low: 

The pair is trading close to both a static and dynamic support in area 1.345. If this double support  should fail many stop losses of long positions and new short positions are likely to be triggered and the cross rate likely will test 1.3320 and 1.32 area. If  the support will make the pair to bounce price could test 1.3623 first and then 1.3833 area. The most significant resistance remain the supply line that links descending tops in area 1.4.

R3
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R1
S1
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S3