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Jun 01

TECHNICAL ANALYSIS BY NSFX 01.06.2014

By:

High:  Low: 

The rate even made 2 consecutive bullish spike is struggling to rise above the most relevant moving averages, now in congestion in area 101.79.  A breakout above the supply line the links lower highs should lift the pair to its 2014 high in area 105.29.  Below 100.78 selling pressure might increase and the pair might test 99.88 and then 97.65.

R3
R2
R1
S1
S2
S3