Prices are drifting lower toward support in the 1.0051-1.0101 area. Near-term resistance lines up at 1.0265, the upper boundary of a falling channel set from the June 1 swing high, with a break above that exposing 1.0318. A breach of support exposes the parity figure and 0.9953.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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