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Sep 11

TECHNICAL ANALYSIS BY NSFX 11.09.2013

By:admin

High:  Low: 

The pair is hovering around the June top at 1.5751, where we could see additional upside price acceleration, should the level be breached. 200-week SMA at 1.5744  is currently capping price action as well. Next resistance above is at the long term 38.2% Fibo in the 2010-2011 wave at 1.5786. Downside 1.5685 provides initial support.

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R1
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