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Talking Points
- Prices overturned yesterday’s neckline break, forming a Bullish Engulfing pattern
- Above 143.90 (23.6% Fib exp.) exposes 145.68-146.02 (Dec 27 high, 38.2% Fib)
- Near-term support is at 140.49, the January 13 low
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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