Prices are testing the 76.4% Fibonacci retracement at 82.51, with a break above that exposing the March 15 high at 84.17. Near-term support is at 81.48, the 61.8% level. A drop below that targets the 80.54-65 area.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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