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Talking Points
- Prices are testing below support at 1.0328 (23.6% Fib expansion)
- Break lower initially targets 1.0271 (38.2% Fib, trend line from Sep 2012)
- Near-term resistance is at 1.0419, the October 10 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
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