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Talking Points
- Prices recoiled from trend line support-turned-resistance set from Feb’12
- A break of support at 0.8991 (38.2% Fib) targets 0.8934 (50% Fib)
- Above resistance at 0.9062 (23.6%) eyes the trend line (now at 0.9185) anew
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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