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Talking Points
- Prices are pulling back from falling channel resistance (0.8223)
- Support is at 0.8106, with a break lower exposing 0.7972 (channel bottom)
- A reversal higher initially aims for swing highs at 0.8242 and 0.8334
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
Contact and follow Ilya on Twitter: @IlyaSpivak
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