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Jul 26

TECHNICAL ANALYSIS BY NSFX 26.07.2013

By:admin

High:  Low: 

Heavy bidding took place at the 38.2% Fibo retracement in the recent wave at 1.3160, and the pair sustained the bullish momentum for more than a figure, taking out next level of prior resistance at the 1.3260-area. This has opened up for a test of the trend resistance from 2013 highs at 1.3340 and then 1.3375. Downside, we need a close back below the 1.3260 level for test of lower levels.

R3
R2
R1
S1
S2
S3