Prices are testing above resistance at the top of a rising channel carved out since late June, with a break higher exposing the next major upside barrier at 1.0636. Near-term support is in the 1.0225-1.0313 area, with a daily close below that clearing the way for a test of 1.0099 and the parity level.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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