Prices are testing resistance near 0.9720, the 100% Fibonacci retracement level. A break above this boundary exposes the June 1 high at 0.9771. Near-term support lines up at 0.9659, the 76.4% Fib. A breach below this level targets the 61.8% level at 0.9622.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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