Prices broke resistance at 0.9871 marked by the 61.8% Fibonacci expansion and reinforced by the top of a rising channel set from late May. Buyers now aim to challenge the 76.4% expansion at 0.9976, a barrier closely followed by the psychologically significant parity figure. The 0.9871 level has been recast as near-term support.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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