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Talking Points

• Prices narrowly closed above 164.18 (76.4% Fib exp.), exposing 167.10 (100% Fib)

• RSI is at a seven-month high, warning a pullback may be due ahead

• A turn back below 164.18 sees initial support at 162.37 (61.8% Fib expansion)

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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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