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Talking Points
- A bullish Morning Star pattern and positive RSI divergence hint at a bounce ahead
- Initial resistance is at 0.8409 (April/May double bottom, falling channel top)
- Break higher eyes 0.8475, support at 0.8332 (Oct 1 low); we continue tohold short
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
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