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Talking Points
- Prices are consolidating above support at 1.0411 (23.6% Fib expansion)
- A break lower exposes 1.0355 (38.2% Fib exp.)
- Near-term resistance is at 1.0506, a trend line set from mid-June
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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