Prices are consolidating between support at 1.0186 and resistance at 1.0284. A break higher initially targets the next upside barrier at 1.0231. Alternatively, a reversal downward sees support at 1.0161.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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