Prices pulled back from resistance at 0.9292, the 23.6%Fibonacci retracement, to retest the 14.6%level at 0.9212. A break below that aims for channel top resistance-turned-support now at 0.9175. Alternatively, a move higher through 0.9292 exposes the 38.2% Fib at 0.9422.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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