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Talking Points
- Prices are testing resistance in the 1.0570-71 area (double top, 61.8% Fib exp.)
- A break higher aims for 1.0609 (76.4% Fib expansion)
- Support levels line up at 1.0541 (50% Fib exp.) and 1.0511 (38.2% Fib exp.)
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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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