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Jun 19

TECHNICAL ANALYSIS BY NSFX 19.06.2013

By:admin

High:  Low: 

From the Fibo drawn between high in April and the low early this month we see strong resistance in late May and early June at the 38.2 level in the region of 0.81 and recent support at 0.7950. On the four hour chart a downward trend with a possible flag forming which could see profit taking at the resistance levels and a continuation of the downward trend.

R3
R2
R1
S1
S2
S3