Prices are testing above resistance at 1.0410, with a confirmed breakout on a daily closing basis targeting long-term falling trend line resistance at 1.0507. A push above that initially exposes 1.0578. Rising trend line support is at 1.0343, with a drop below that targeting 1.0173.

Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed