Prices turned lower after putting in a Harami candlestick pattern at resistance in the 9928-38 area, a barrier reinforced by the top of a falling channel set from the June swing high. Initial rising trend line support is at 9883, with a break below that targeting 9832. Alternatively, a daily close above the channel top exposes 9985.

Daily 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
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed