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Talking Points
- Prices rose as expected to test above the 133.81-91 area (May 22 high, 76.4% Fib, channel top)
- A daily close above resistance initially exposes 135.75 (100% Fib expansion)
- Near-term support is at 132.77 (61.8% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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