Prices are testing above resistance at a falling trend line set from early November (0.9237), with a break higher exposing swing highs at 0.9302 and 0.9382. Near-term support is at a rising trend line established from the December 19 swing low, now at 0.9111.
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