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Aug 24

TECHNICAL ANALYSIS BY NSFX 24.08.2014

By:

High:  Low: 

The pullback against the 200SMA gave to bearish traders the opportunity to increase their positions. Next static support at 1.6651 and below this level the rate might test 1.6248. Only above the 200SMA or a breakout of the supply line that links lower highs could change the sentiment of the pair from negative to neutral/positive.

R3
R2
R1
S1
S2
S3