Prices are testing through support at 95.57, the June closing low, with a break below that exposing the 50% Fibonacci expansion at 95.40. Near-term resistance lines up at 96.87, the 38.2% Fib. A breach above that targets the 23.6% expansion at 98.68.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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