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- Prices are testing falling channel support set from early January (139.47)
- A break lower initially exposes 137.76 (38.2% Fib ret.)
- Back above 140.78 (23.6% Fib ret.) eyes 141.41 (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
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