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Talking Points
- Prices are testing resistance at 1.0452 (76.4% Fib, trend line from June 2013)
- A break higher targets 1.0508 (100% Fib expansion)
- Support at 1.0417 (61.8% Fib); break below that targets 1.0389 (50% Fib)
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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