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Talking Points
- Prices continue to cling to Falling Wedge resistance-turned-support set from July
- A move below 0.9034 (38.2% Fib) eyes the 0.8967-96 area (channel, Wedge, 38.2% Fib)
- Turning back below 0.9034 exposes channel top resistance at 0.9068
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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