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Talking Points
- Prices are rising as expected after showing a Bullish Engulfing candle pattern
- A daily close above 0.9082 (23.6% Fib) exposes 0.9153 (38.2% Fib)
- Near-term support is at 0.8967, the October 3 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
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