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Nov 22

TECHNICAL ANALYSIS BY NSFX 22.11.2013

By:

High:  Low: 

Today the pair is struggling not only to gain 1.35 area but is trading against the 21SMA resistance as well. A rise above that level will lift the pair to 1.3642 and then to the 2013 top 1.3825. In case the pair should start its third wave in the distribution pattern that started the 25th of October the first support would be at 1.3386, and below it the 200SMA at 1.3230.

R3
R2
R1
S1
S2
S3