Prices are hovering below resistance at 0.8061, with a break above that exposing the 38.2% Fibonacci expansion at 0.8098. Near-term support lines up at the 0.80 figure, with a break below that exposing the familiar barrier at 0.7861 anew.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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