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Talking Points

• Prices invalidated topping cues to break above resistance at 137.71 (76.4% Fib expansion)

• Resistance is now at 138.82 (100% Fib); above that aims for 139.94 (123.6% Fib)

• A turn back below 137.71 aims for 137.02 (61.8% Fib)

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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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