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Oct 18

TECHNICAL ANALYSIS BY NSFX 18.10.2013

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The pair yesterday went above the 21SMA and now is trading at 158.38. The next resistance area is at 159.84 and is it not only a technical double top but is it also a multiyear top (2010-2013). If the pair should go above this level 162.89 would be the first target and then 169. In case of a retracement 157.6 and 155.77 would be valid supports.

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