Prices are testing resistance in the 0.8317-55 area, with a break higher exposing the February 29 high at 0.8470. Near-term rising channel support is now squarely at the 0.82 figure. A drop below that targets 0.8052.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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