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Talking Points
- Prices are testing support at 104.13 (14.6% Fib exp, channel bottom)
- A break lower initially exposes 103.34 (23.6% Fib exp.)
- Near-term resistance is at 105.43 (January 2 swing high)
Confirm your chart-based trade setups with the Technical Analyzer.
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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