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Nov 18

TECHNICAL ANALYSIS BY NSFX 18.11.2013

By:

High:  Low: 

The pair is struggling to stay on the 55EMA support at 0.9122 and if buyers will lift the price the next test would be likely at 0.9250. The 200SMA is at 0.9310 and is flat, a signal that the pair in a long time horizon moved trendless. The intermediate target of a rally would be the supply line that was generated on May.  In case the cross rate should retrace 0.91 would be a relevant test and below it 0.897 and 0.8889.

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