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Dec 18

TECHNICAL ANALYSIS BY NSFX 18.12.2013

By:Nati

High:  Low: 

The pair since last Friday has been retracing from the highs reached two weeks ago when we saw trading above the 1.07 figure. Support expected toward 1.0560. If bullish sentiment returns and the USD finds buyers the pair again could possibly retest those highs and continue the larger up-trending channel we’ve seen since November last year.

R3
R2
R1
S1
S2
S3