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Jul 05

TECHNICAL ANALYSIS BY NSFX 05.07.2013

By:admin

High:  Low: 

After the pair failed to close above the 100-day SMA, heavy offers entered and actually manged to close below trend support in the wedge formation, which could indicate further downside, giving room for a test of the 2013 lows at 1.4831. A close below the psychological 1.50-level today would increase the likelihood as stops could be expected.

R3
R2
R1
S1
S2
S3