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Talking Points
- Prices rose as expected after putting in a bullish Piercing Line candle pattern
- Breaking below 10646 (horizontal pivot) targets 10623 (channel bottoms)
- Above 10719-33 (channel top, 23.6% Fib exp.) exposes 10773 (38.2% Fib exp.)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **
Daily Chart – Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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