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- Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
- We continue to hold long on a test of the 0.9256-95 area (range top, 23.6% Fib retrace)
- Falling trend line resistance-turned support is now at 0.9068
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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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