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Talking Points
- Prices retesting resistance-turned-support at a falling channel top (10705)
- Break downward initially targets the August 12 low at 10652
- Resistance at 10796 (23.6% Fib exp); break above that targets 10886 (38.2% Fib)
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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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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