Prices broke about falling trend line resistance set from the July swing high, exposing the next upside barrier at 0.9420. A further push above that targets the 38.2% Fibonacci retracement at 0.9503. Trend line resistance-turned-support is now at 0.9314. A push back below that targets the 0.9213-34 area.

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, send a note with subject line "Distribution List" to ispivak@dailyfx.com
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed