Prices are pushing higher after taking out the top of a falling channel established from the September 14 swing high. Buyers now aim to challenge long-term trend resistance at 0.8324, with a break above that exposing the 0.8400 figure. Near-term channel resistance-turned-support is at 0.8220.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE