Prices are testing resistance at 0.9751, the 14.6% Fibonacci retracement. A break higher exposes the top of a falling channel set from late July (0.9807) and the 23.6% Fib at 0.9824. Alternatively, a push below support targets the channel bottom at 0.9595.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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