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Talking Points
- Prices turned lower as expected after showing a Harami candle pattern
- Near-term support is at 1.3415 (38.2% Fib); below that targets 1.3415 (38.2% Fib)
- Resistance is at the confluence of two channel barriers, now in the 1.3628-46 area
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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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