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Aug 03

TECHNICAL ANALYSIS BY NSFX 03.08.2014

By:

High:  Low: 

The pair broke the lower band of the channel that was generated last October. Now is likely a test of the 200SMA, in area 1.67. Below this level selling pressure might increase and the rally should be considered finished. Only above 1.6970 the sentiment might turn neutral and above the multiple top in area 1.72 the rate might reach 1.75.

R3
R2
R1
S1
S2
S3