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Talking Points
- Prices broke resistance at 158.80 (61.8% Fib), exposing the 76.4% level at 161.57
- The 160.00 figure has emerged as interim resistance, with prices back below support
- A daily close underneath 158.80 aims for 156.57 (50% Fib)
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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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