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Talking Points
- We continue tohold short as prices test above support-turned-resistance at 0.8409
- Positive RSI divergence hints at bounce; break higher initially exposes 0.8453 (23.6% Fib)
- A recovery from here will be seen as an opportunity to add to the short trade
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
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