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Talking Points
- Prices declined as expected, completing an Evening Star candle pattern
- Initial support is at 165.72 (23.6% Fib ret.); below that aims for 163.62 (38.2% Fib ret.)
- Reversing above resistance at 169.26 (23.6% Fib exp.) targets 171.36 (38.2% Fib exp.)
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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