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Talking Points
- Prices broke resistance at 1.3534 (61.8% Fib), exposing 1.3636 (76.4% Fib)
- A further break above that aims for the 100% Fib expansion at 1.3801
- Reversing back below 1.3534 targets the 1.3416-52 area (June 19 high, 50% 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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