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Aug 12

TECHNICAL ANALYSIS BY NSFX 12.08.2013

By:admin

High:  Low: 

After taking out Cloud Base in the Ichimoku formation, the pair has found bids at the 76.4% Fibo retracement in the wave from 2013 highs to June lows at 96.10-area. Momentum-indicators suggest a throwback towards the Cloud Base, but a break of the current lows could lead to a continuation of the downtrend and there is room to the downside for a test of wave lows after testing the 200-day SMA.

R3
R2
R1
S1
S2
S3