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Talking Points
- Prices are testing resistance in the 1.3801-33 area (October closing high, 50% Fib exp.)
- A break higher targets 1.3960 (61.8% Fib exp.)
- Below support at 1.3706 (38.2% Fib exp.) targets 1.3641 (rising trend line support)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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