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Sep 03

TECHNICAL ANALYSIS BY NSFX 03.09.2013

By:admin

High:  Low: 

The pair experienced a very positive day yesterday, taking out several important resistance levels. This morning, the pair continues the good mood, trading above the Cloud for the first time since early August and a sign, that the market momentum is turning positive again. The fact, that we have closed above trend resistance projected from the 2013 highs should add spark to the price action. Next resistance at the 38.2% Fibo retracement just below the 100-figure before 100.40-area and then 100.87. A close back in or below the cloud could shade the positive outlook.

R3
R2
R1
S1
S2
S3