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Talking Points
- A bullish Morning Star candle pattern at a trend line set from Feb 2013 has marked a bounce
- Breaking Falling Wedge resistance (97.80) confirms a larger reversal, exposing 98.39 (38.2% Fib)
- Trend line support is now at 96.49
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
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