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Talking Points
- A bearish Dark Cloud Cover candle pattern marked a turn lower, as expected
- Breaking trend line support seems to confirm a double top, exposing 1.5918 (23.6% Fib ret.)
- Reversing back above the trend line (1.6084) targets 1.6235 (23.6% Fib expansion)
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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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