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Talking Points
- We continue tohold short as prices continue to flirt with support in the 0.8397-0.8409 area
- A daily close below 0.8397 initially targets 0.8352 (Sep 18 low)
- Resistance is at 0.8450 (23.6% Fib); a break above that eyes 0.8511 (38.2% Fib)
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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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