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Talking Points
- A Shooting Star candle below 1.0669 (100% Fibexp.) hints a pullback may be ahead
- Below support at 1.0609 (76.4% Fib) exposes the 1.0570-71 area (double top, 61.8% Fib)
- Reversing above resistance aims for 1.0729 (123% Fib expansion)
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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