Prices broke resistance at the top of a falling channel set from the mid-September swing top to expose the next upside barrier in the 0.8317-55 area, marked by the April 13 and September 28 highs. A push above that targets the February 29 high at 0.8470. Channel top resistance-turned-support is at 0.8245, with a break back below that aiming for 0.8149.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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