Prices are pulling back from range resistance at 123.81, with initial support lining up at 122.79. A break below this boundary initially exposes 122.12. Alternatively, a push above support targets 124.40.
4hr 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, send a note with subject line "Distribution List" to firstname.lastname@example.org