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Jul 27

TECHNICAL ANALYSIS BY NSFX 27.07.2014

By:

High:  Low: 

The rate closed above its 55EMA and might test the supply line that links lower highs and the 200SMA, that now are bith at the same level. A breakout might lift the pair to 104.09 and then to 6 year top 105.45. Below 100.74 many stop losses would be triggered and the first support should be in area 99.

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