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Talking Points
- Prices are testing support at 157.06 (23.6% Fibonacci retracement)
- Break lower targets 156.32, a rising trend line set from early August
- Near-term resistance is in the 159.52-98 area, marked by recent swing highs
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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