Prices are pulling back from resistance at 1.0231, a minor horizontal level reinforced by the top of a falling channel set from the June 1 high. Near-term support is in the familiar 1.0051-101 area. Alternatively, a reversal through resistance initially exposes 1.0318.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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