Prices broke back above resistance at 77.96, opening the door for continued upside. Resistance lines up at the top of a falling channel set from late July, now at 78.95. The 77.96 level has been recast as near-term support, with a push back below that exposing 77.47 anew.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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