Prices broke above the 14.6% Fibonacci retracement at 128.05, exposes channel top resistance at 130.07. The 128.05 level has been recast as support, with a reversal back below that exposing the 23.6% retracement at 127.07.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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