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Aug 27

TECHNICAL ANALYSIS BY NSFX 27.08.2013

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Yesterday resistance placed sellers in control of the main USA gauge. Area 1624 is the next target should price decrease further. The ATR level is very low and even the VIX index, the so called “fear index” is historically low. Without money printing  price can fall to test the 200EMA in area 1555, the speed will depends on the reaction of market operators. The scenario can change only if price will trade in a consolidated way above 1671.

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