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Talking Points
- Prices broke support at 10620 (76.4% Fib), exposing the 10561-73 area (trend line, 100% Fib)
- A break below that aims for the bottom of a channel set from July, now at 10529
- 10620 is now resistance, with a turn back above that eyeing the 10646-57 region
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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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