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Talking Points
- Prices are treading water below resistance at 0.8435, the September 19 swing high
- Near-term support is at 0.8200 (23.6% Fibonacci expansion)
- Break downward targets the 0.8055-96 area (Jun-Aug range top, 38.2% Fib)
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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