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Jul 18

TECHNICAL ANALYSIS BY NSFX 18.07.2013

By:admin

High:  Low: 

The pair enjoyed a good day yesterday breaking above the 61.8% Fibo retracement level in the recent wave after testing lower in the morning, the pair closed higher in an almost 200-pip range. the 100-day SMA around 1.5260 proved to hold resistance and this is the level to watch for further upside. So far, a sell on rallies towards that level could prove a solid strategy.

R3
R2
R1
S1
S2
S3