Prices are testing below support at 1.5484, the June 28 low. A confirmed break lower exposes 1.5414, followed by the 1.53 figure. Near-term resistance lines up at 1.5555, with a breach above that targeting the July 2 high at 1.5721.
8hr 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, send a note with subject line "Distribution List" to ispivak@dailyfx.com
