Prices are testing support at a falling trend line connecting major swing lows since January, now at 96.14. A break below this boundary initially exposes the June 1 low at 95.57. Near-term resistance lines up in the 98.35-99.13 area, with a push above that targeting the 100.00 figure.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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