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- Prices rose as expected after forming a Bullish Engulfing at support set from Nov 2011
- A Spinning Top candle below resistance at 0.8437 (61.8% Fib) hints a pullback may be ahead
- Initial support is at 0.8293 (50% Fib); a break below that targets 0.8149 (38.2% Fib)
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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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