Prices are testing above resistance at 10044, the 32.8%Fibonacci expansion, after completing a bullish Flag chart pattern. A break higher exposes the 50% level at 10082. Near-term support is at 9995, the 23.6% Fib, with a drop below that aiming for trend line resistance-turned-support at 9967.

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