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Talking Points
- Prices broke resistance at 0.8417 (50% Fib ret.), exposing 0.8457 (61.8% Fib ret.)
- A further push above that targets 0.8505 (76.4% Fib retracement)
- Reversing back below 0.8417 aims for 0.8378 (38.2% Fib)
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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