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
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- Fibonacci retracement