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Sep 14

TECHNICAL ANALYSIS BY NSFX 14.09.2014

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The pair lost more than 1000 pips in 2 months and a bear rally has not been unexpected. After the gap at 1.6280 was nearly close. the rate might fall again with first test at 1.6045 and then 1.5820. Above 1.6280 the rate might test the supply line that links lower highs generated from 1.72. This line has a very negative slope and a breakout should change market sentiment.

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