Prices took out support at 0.8193, exposing the bottom of a rising channel set from late-May (now at 0.8078). A break below that initially exposes 0.8035. The 0.8193 level has been recast as resistance, with a push back above that targeting trend line resistance at 0.8341.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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