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Talking Points
- Prices are testing resistance in the 10586-604 area (falling channel top, 38.2% Fib ret.)
- A break higher targets 10682 (50% Fib retracement)
- Support is at 10509 (23.6% Fib ret.); below that eyes 10473 (trend line from September)
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Daily Chart – Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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