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- Prices are testing resistance at 1.3590 (bottom of channel from early July)
- A break higher initially exposes 1.3626 (61.8% Fib retracement)
- Below 1.3563 (50% Fib) exposes 1.3499 (38.2% Fib ret.); we continue to hold short
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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