Prices broke above resistance at 0.8275, the 76.4% Fibonacci expansion, exposing the 100% level at 0.8372. The 0.8275 level has now been recast as support, with a reversal back below that aiming for rising channel resistance-turned-support is at 0.8248.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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