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Mar 13

TECHNICAL ANALYSIS BY NSFX 13.03.2014

By:admin

High:  Low: 

The pair has formed a wedge with lower highs and higher lows since the beginning of 2014 and the range is getting narrower, meaning that something has to give. 50% Fibo retracement in long term wave seems pivotal coinciding with 50-day SMA. Slight divergence in stochastitcs and price action could call for lower levels.

R3
R2
R1
S1
S2
S3