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Talking Points
- Prices are pulling back from resistance at 99.06 (61.8% Fib, trend line)
- Close below support at 98.58 (50% Fib) initially targets 98.10 (38.2% Fib)
- Reversal above resistance aims for 76.4% Fib at 99.65
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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