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Talking Points
- Prices broke falling channel resistance to expose 0.8498 (38.2% Fib)
- Piercing resistance exposes 0.8550 (50% Fibonacci retracement)
- Near-term support is at 0.8435 (23.6% Fib)
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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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