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Talking Points
- Prices broke above resistance at 101.72 (76.4% Fib exp.), exposing 102.38 (100% Fib)
- A further break higher aims for 103.05 (123.6% Fib expansion)
- Turning back below 101.72 targets 101.31 (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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