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Dec 04

TECHNICAL ANALYSIS BY NSFX 04.12.2013

By:

High:  Low: 

After yesterday retracement the pair is having a positive trading session. If the cross rate will continue its decline the 21SMA at 101.2 will be the first test and if selling pressure should continue then the 200SMA at 98.65 will be the next support level. In case buyers will get in control again is likely to see market activity in area 103.65, a double top test. above it area 107 and then 110.6 should be level of resistance.

R3
R2
R1
S1
S2
S3