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Talking Points
- Prices completed a Head and Shoulders top below 160.00 as expected
- A break of support at 156.34 (38.2% Fib) has exposed 155.21 (50% Fib)
- Below 155.21 aims for 154.09 (61.8% Fib); 156.34 now recast as resistance
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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