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Talking Points
- Prices are stalling below resistance at 105.43 (December 30 high)
- A break higher initially targets 106.20 (rising channel top)
- Below 104.11-32 (14.6% Fib ret., channel bottom) exposes 103.32 (23.6% Fib ret.)
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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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