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Nov 02

TECHNICAL ANALYSIS BY NSFX 02.11.2014

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High:  Low: 

The rate reached a multiyear top and after a consolidation might test 115 and then 117. In case buyers will lift the pair further 123 area, a price  traded on 2007, seems the most likely static resistance. If a retracement will occur the first relevant support is 110.12 and then area 108. The RSI is above 70 but lower then the peak reached on September.

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