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Jul 24

TECHNICAL ANALYSIS BY NSFX 24.07.2013

By:admin

High:  Low: 

Weekly, the pair is supported by the 100-week SMA and struggling to break through the 50-week SMA on the upside. Daily, the 200-day SMA is being tested currently, where a continuation of the downward move would suggest a test of the 0.93-figure before 0.9280. Upside, we need a close above the 61.8% Fibo retracement in the recent wave at 0.9365, giving room for a move to 0.9390 before 0.9440-area.

R3
R2
R1
S1
S2
S3