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Talking Points
- Prices broke above resistance at 156.57 (50% Fib), exposing 158.80 (61.8% Fib)
- A further push upward targets 161.57, the 76.4% Fib expansion
- 156.57 is now support. A turn back under that eyes the 38.2% level at 154.33
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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