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Talking Points
- Dark Cloud Cover candle pattern, negative RSI divergence warn of downturn ahead
- Initial support is at 99.47 (rising trend line, 23.6% Fibonacci retracement)
- Break lower exposes 98.77 (38.2% Fib), near-term resistance at 100.60 (Sep. 11 high)
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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