The rebound of the recent sessions has been confirmed yesterday by a break above a resistance zone between 81.34/44 (short term resistance line & September top). In this context , the recovery should probably extend toward the next medium term resistance at 82.48 (retracement of 76% of the downtrend between March & June 2012). Supports stand @ 81.34 & 81.05 in the very short term. Buy – Stoploss @ 81.04 – Target @ 82.47.
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NATIXIS