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Dec 03

TECHNICAL ANALYSIS BY NSFX 03.12.2013

By:

High:  Low: 

In the  monthly chart the pair is trading not far from the supply line that was generated on August 1998. The 200SMA monthly is close to the trendline as well in area 106.  If a breakout should occur the cross rate can rise to 112 . If a retracement should occur 100 would be the first test then below it area 95 and 91.45.

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