Prices broke above 50% Fibonacci expansion resistance at 1.3320, exposing the 61.8% level at 1.3397. A further push above that targets the 76.4% Fib at 1.3492. The 1.3220 level has been recast as near-term support. A reversal back below that aims for the 38.2% expansion at 1.3244.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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