Prices are pulling back from resistance at the 1.6300 figure after putting in a bearish Gravestone Doji candle. Initial support is at 1.6177, with a break below that exposing the 1.5951-1.60 area. Alternatively, a break above resistance exposes the 1.64 mark.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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