Prices are testing above resistance at 1.3492, the 76.4% Fibonacci expansion. A confirmed break higher on a daily closing basis exposes the 100% level at 1.3644. Near-term support is at 1.3397, the 61.8% Fib.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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