Prices are consolidating below resistance at a falling trend line set from late March, now at 124.79. A break above that targets 125.29 and the 126.53-127.08 area. Near-term support is at 123.76, with a push beneath that exposing 122.76.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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