Prices are testing support at a rising trend line set from late February (0.9264), with a break lower targeting the 76.4% Fibonacci retracement at 0.9176. Interim resistance is at 0.9328, the 61.8% Fib, with a push above that aiming to challenge 0.9417 and 0.9451.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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