Prices have mounted a recovery from rising trend line support (0.8105) to retest 0.8154. A break above this barrier targets a rising channel top at 0.8235. Alternatively, a reversal downward through the trend line aims for the channel’s lower boundary at 0.8033.

Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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