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Talking Points
- Prices are consolidating above resistance-turned-support at 1.0406
- Resistance is in the 1.0498-1.0525 (falling trend line, rising channel top)
- Break higher eyes 1.0570 (double top); below support aims for 1.0339 (channel bottom)
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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