Prices broke above the 14.6% Fibonacci retracement at 128.05, exposes channel top resistance at 130.07. The 128.05 level has been recast as support, with a reversal back below that exposing the 23.6% retracement at 127.07.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE