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Talking Points
- Prices are pushing higher after forming a Piercing Line candle pattern
- A narrow break of 173.08 (23.6% Fib exp.) has exposed 176.02 (38.2% Fib exp.)
- Closing back below 173.08 sees the next layer of support at 171.27 (14.6% Fib exp.)
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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