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May
10
TECHNICAL ANALYSIS BY NSFX 10.05.2015
By:
High: Low:
The rate made a double top after it could not rise above its 200SMA. The 21SMA just crossed the 55EMA, thus trend followers might add long position and push for a breakout. 1.60 can be considered the short term target and above this level the rate can test 1.625 . In case the pair should fail below 1.5080 is would be likely another test in area 1.4630.
| R3 | |
| R2 | |
| R1 |
| S1 | |
| S2 | |
| S3 |