Prices are probing above falling trend line resistance to challenge the 0.8060-92 area once again, with a break higher initially exposing 0.8262. Near-term support remains at 0.7836, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% level at 0.7688.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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