Prices are turning lower after putting in a Shooting Star candlestick below resistance at the top of a rising channel carved out since late June. A break below the 1.05 figure initially exposes 1.0443, with a break below that aiming for 1.0328. Alternatively, a reversal back above channel top resistance (now at 1.0627) targets 1.0636 and 1.0806.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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