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Talking Points
- Prices moved higher as expected, completing a Triangle chart formation
- A close above 1.0986 (123.6% Fib exp.) exposes 1.1033 (138.2% Fib exp.)
- Below support at 1.0910 (100% Fib exp.) aims for 1.0834 (76.4% 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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