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Talking Points
- Prices broke above falling trend line set from late October
- Resistance is now at 1.6259 (October 1 high, trend line from early July)
- Back below the trend line (1.6024) sees support at 1.5899 (23.6% Fib expansion)
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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