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Talking Points
- Prices are testing resistance at 105.00 (100% Fib exp., channel top)
- A break higher initially targets 105.58 (123.6% Fib exp.)
- Below support at 104.42 (76.4% Fib exp.) eyes 104.06 (61.8% Fib exp.)
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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