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Talking Points
- Prices moved lower as expected after showing a Bearish Engulfing candle pattern
- A break below 1.3594 (50% Fib) has exposed 1.3523 (61.8% Fib); we’re holding short
- Reversing back above 1.3594 targets 1.3664 (38% Fib retracement)
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--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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