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Talking Points
- Prices put in a Piercing Line candle pattern, hinting at a bounce ahead
- Resistance is at 0.9143 (23.6% Fib exp.), above that targets 0.9196 (38.2% Fib)
- Falling Wedge resistance-turned-support is now at 0.9045
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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