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Talking Points
- Prices rose as expected after showing a Doji candle, completing a Falling Wedge pattern
- A close above 0.9092 (23.6% Fib ret.) eyes the 0.9194-0.9218 area (38.2% Fib, trend line)
- Wedge top resistance-turned-resistance is now at 0.9051
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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