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Talking Points
- We remain shortafter a Dark Cloud Cover pattern marked the return of selling pressure, as expected
- Sellers are now testing support at 0.8487 (61.8% Fib), with a break below exposing 0.8448 (76.4% Fib)
- A reversal back above 0.8518 (50% Fib) targets trend line support-turned-resistance at 0.8538
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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