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Talking Points
- Prices are testing above support-turned-resistance at 0.8387 (100% Fib)
- Daily close above resistance targets 0.8449 (76.4% Fib); channel support is now at 0.8363
- We continue to hold a short position, with a bounce seen an opportunity to add
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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