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Feb 27

TECHNICAL ANALYSIS BY NSFX 27.02.2014

By:Nati

High:  Low: 

Support toward the 1.66 figure, with the next level below expected to be towards the 1.6534 area, beyond this again the 50 day SMA could come into play. However if buying interest takes over and this latest sell off is down to profit taking, then the highs of last week may offer resistance towards the 1.6725 area before the high of the month can be retested. The 1.66 figure also coincides with the 38.2% Fibonacci level in the recent wave from the low on 5th of Feb to the high on the 17th.

R3
R2
R1
S1
S2
S3