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Talking Points
- Prices declined as expected after putting a Harami candlestick pattern
- Initial support is at 165.72 (23.6% Fib); below that aims for 163.62 (38.2% Fib)
- Near-term resistance is at 169.13, the December 3 high
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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