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Talking Points
- Prices are testing resistance at 1.3753 (rising channel top set from early Nov)
- Breaking higher targets the 1.3831-33 area (Oct 25 high, 50% Fib exp.)
- Turning below support at 1.3706 (38.2% Fib exp.) targets 1.3610 (channel bottom)
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
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