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Talking Points
- Prices are testing support in the 132.90-133.29 (channel bottom, 23.6% Fib)
- A break lower targets the 38.2% Fib retracement at 132.27
- Resistance is at 134.94 (Sep 19 high), followed by 135.73 (channel top)
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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