Prices are bouncing from 23.6% Fibonacci retracement support at 0.8249. Initial resistance lines up at the top of a rising channel set from late May, now at 0.8394. Alternatively, a break below support initially exposes the 38.2% Fib at 0.8185.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to firstname.lastname@example.org