Prices are testing resistance at 0.8215, the 61.8% Fibonacci expansion. A break above that targets the 76.4% level at 0.8275. Near-term support is at 0.8166, the 50% Fib. A move back below that aims for trend line resistance-turned support at 0.8140 and the 38.2% expansion at 0.8117.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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