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Talking Points
- Prices are falling after showing a Bearish Engulfing candle pattern at channel resistance
- Closing below 0.8225 (23.6% Fib exp.) exposes 0.8158 (38.2% Fib exp.)
- Falling channel resistance is now at 0.8294
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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