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Talking Points
- Prices are testing resistance at 1.6235, the 23.6% Fibonacci expansion
- A break higher targets 1.6446 (38.2% Fib expansion)
- Near-term support is at 1.60, 1.5918 (23.6% Fib retracement)
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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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