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Jul 03

TECHNICAL ANALYSIS BY NSFX 03.07.2013

By:admin

High:  Low: 

On a daily chart, the pair has been in a clear down trend since mid-June, and as we haven't seen any reversal signs, we are probing for a test of trend support from 2013 lows, currently at just below the 1.51-figure. A move back above the 100-day SMA would open up for a more bullish mood. Weekly candle is interesting showing a potential hammer, which could change sentiment.

R3
R2
R1
S1
S2
S3