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Talking Points
- Prices are consolidating near resistance at 1.3534 (61.8% Fib)
- Near-term support is in the 1.3416-52 area (June 19 high, 50% Fib)
- Break lower exposes 1.3370 (38.2% Fib); turn above resistance eyes 1.3636 (76.4% 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
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