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Jul 25

TECHNICAL ANALYSIS BY NSFX 25.07.2013

By:admin

High:  Low: 

The pair sustained above the 50-day SMA and closed above the 38.2% Fibo retracement in the recent wave from 2013 highs to June lows, just below the 100-figure. We are closing in on the barriers in the Wedge formation. meaning that something has to give within the next few trading days. The pair is still overall bullish, and we maintain that bias.

R3
R2
R1
S1
S2
S3