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May 18

TECHNICAL ANALYSIS BY NSFX 18.05.2014

By:

High:  Low: 

The pair is trading less than 200 pips from the 1.7 multiyear top. If should rise above this static resistance is possible to reach 1.72 then 1.75. In case selling pressure should lower the price 1.667 is the firts relevant test and below it area 1.6447 is a coincidence of the 200SMA and the static support.

R3
R2
R1
S1
S2
S3