Prices are aiming to challenge the 0.8230-62 area marked a former range bottom and the 76.4% Fibonacci retracement after clearing resistance in the 0.8082-92 region near the 61.8% level. A break to the upside exposes the 0.8400 figure. The 0.8082-92 area has been recast as support, with a push back beneath that targeting 0.80.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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