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Talking Points
- Prices are recoiling from resistance in the 0.9111-27 area (38.2% Fib exp., Jan 8 high)
- Breaking below support at 0.8986 (Dec 19 high) exposes 0.8918 (Oct 25 close)
- Reversing above 0.9127 aims for 0.9150 (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
Contact and follow Ilya on Twitter: @IlyaSpivak
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