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Talking Points
- Prices rose as expected, completing a Falling Wedge and a Morning Star candle pattern
- Near-term resistance is now at 0.8319 (38.2% Fib); above that targets 0.8347 (50% Fib)
- Back below 0.8285 (23.6% Fib) targets 0.8270 (Wedge top resistance-turned-support)
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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