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Talking Points
- Prices broke above 169.74 (23.6% Fib);negative RSI divergence warns of weakness
- A move back below 169.74 eyes the 165.86-166.57 area (recent swing highs)
- Resistance is now at 171.70 (38.2% Fib exp.); above that targets 173.29 (50% 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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