Prices are testing support at 94.15, the 61.8% Fibonacci expansion. A break lower from here exposes the 76.4% Fib at 93.39. Near-term resistance lines up at 94.76, the 50% expansion, with a breach to the upside exposing the 38.2% boundary at 95.38.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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