Prices are turning lower from resistance in the 0.7950-85 area, with sellers aiming to retest a falling trend line set from the late-February top (0.7862). A break below that targets swing lows at 0.7812 and 0.7751. Alternatively, a close above 0.7985 initially exposes 0.8124.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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