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Talking Points
- Prices broke higher as expected, completing a Triangle chart formation
- Moving above 1.0865 (50% Fib exp.) exposes 1.0930 (61.8% Fib exp.)
- Below 1.0799 (38.2% Fib exp.) eyes the 1.0706-18 area (Dec 4 high, 23.6% 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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