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Talking Points
- Prices broke above resistance at 0.8298 (14.6% Fib), exposing 0.8362 (23.6% Fib)
- A further push beyond that targets 0.8466 (38.2% Fib expansion)
- A close back below 0.8298 aims for the October 2 low at 0.8193
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
Contact and follow Ilya on Twitter: @IlyaSpivak
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