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Talking Points
- Prices recoiled from channel resistance to test below support in the 132.62-77 area
- Sellers now challenge 131.85 (50% Fib). Break lower targets 130.93 (38.2% Fib)
- A move back above 132.77 (61.8% Fib) aims for the channel top, now at 133.47
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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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