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Talking Points
- Prices are consolidating above support at 157.79 (trend line from August)
- Break lower targets 157.06 (23.6% Fib retracement)
- Resistance at 159.44 (38.2% Fib exp.); above that eyes 160.90 (50% 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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