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Talking Points
- Prices are retesting support-turned-resistance in the 133.81-91 area (May 22 high, 76.4% Fib)
- A close below 133.81 exposes the next layer of support at 132.77 (61.8% Fib)
- Renewed upside momentum sees initial resistance at 135.75 (100% Fib expansion)
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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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