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- Prices broke below 0.8235 (23.6% Fib exp.), exposing 0.8191 (38.2% Fib exp.)
- A further push below that eyes 0.8167-56 (Jan 22 low, 50% Fib expansion)
- Reversing above 0.8235 targets 0.8287 (falling trend line)
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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