Prices are dipping back below 0.9450, with a confirmed break lower targeting falling trend line resistance-turned-support at 0.9346. Near-term resistance is at 0.9503, the 38.2% Fibonacci retracement, with a push above that exposing the 50% level at 0.9592.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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