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Talking Points
- Prices broke resistance at 0.8971 (38.2% Fib exp.), exposing 0.9024 (50% Fib exp.)
- A further push higher beyond that targets 0.9077 (61.8% Fibonacci expansion)
- Turning back below 0.8971 aims for 0.8934 (falling trend line)
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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