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Sep 02

TECHNICAL ANALYSIS BY NSFX 02.09.2013

By:admin

High:  Low: 

After four days of bearish price action, the pair has gapped up this morning and currently testing the 50% Fibo at 1.5590 in the wave from 2013 high to 2013 lows. The 200-day SMA has provided decent support and we expect this to be respected in today's trading session. Recent price action has been fragile and we could see another day with large shadows and no real direction.

R3
R2
R1
S1
S2
S3