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Talking Points
- July closing high at 1.0570 in focus as a possible Double Top (pending confirmation)
- Near-term support at 1.0522 (76.4% Fib); a break below that targets 1.0469 (61.8% Fib)
- Daily close above 1.0570 sees the next hurdle at 1.0608, the July 5 swing high
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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