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Talking Points
- Prices are testing above resistance at 132.78 (38.2% Fib)
- A break higher targets 133.60 (23.6% Fib retracement)
- Near-term support is at 132.12 (50% Fib); below that targets 131.43 (trend line)
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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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