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Nov 18

TECHNICAL ANALYSIS BY NSFX 18.11.2013

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The cross rate went above the 55EMA and the next resistance is at 1.3537.  If buyers will get in control  1.37 area, the February top, will be the next significant top. Many stop losses to cover short positions are likely placed in area 1.383.  If the pair should continue its distribution after a rally that started last week the an important support would be at 1.332. If selling pressure should continue there is the 200SMA in area 1.322.

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