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Apr 16

TECHNICAL ANALYSIS BY NSFX 16.04.2014

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High:  Low: 

The exchange rate is trading in the lower part of the range 1.0850-1.1230 and is testing both the 21SMA and the 55EMA. Below the range at 1.0710 there is the 200SMA and is the last support of a bullish framwork. A brekout above 1.1230 might lift the pair to 1.1860, a level traded during the 2008 financial crisis.

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R1
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