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Talking Points
- Prices are bouncing from support at 96.47 (trend line from Feb 2013)
- Rising Wedge pattern hints at gains; close above pattern top (97.93) confirms
- Above resistance targets 98.39 (38.2% Fib); below support aims for 95.80 (Aug 8 low)
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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