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 squarely at the 0.82 figure. A drop below that targets 0.8052.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE