Prices are testing resistance in the 0.8317-55 area, with a break higher exposing the February 29 high at 0.8470.Near-term rising channel support is now at 0.8206. A drop below that aims for a horizontal pivot support level at 0.8052.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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