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Talking Points
- Prices pulled back to test support at 1.5985 (61.8% Fib expansion)
- A break lower initially exposes 1.5878 (50% Fib)
- Near-term resistance is at 1.6162, the September 18 high
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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