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Talking Points
- Prices moved lower as expected and we are holding a short position
- A break above 1.3679 (38.2% Fib ret.) targets 1.3720 (50% Fib ret.)
- Reversing below 1.3628 (23.6% Fib ret.) aims for 1.3589 (trend line)
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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