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Talking Points
- A Spinning Top candle above Falling Wedge resistance-turned-supports hints at a bounce
- Breaking above initial resistance at 0.9125 (23.6% Fib exp.) exposes 0.9177 (38.2% Fib)
- Near-term support is in the 0.9131-40 area (Wedge top, Nov 27 low)
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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