The pair is currently @ 1.2673 and has broken out of the corrective down movement. Next target is the 5th wave R2 target @ 1.2725 then the 0.214 Fibo @ 1.2748. There is lots of confluence there so expect the stall and then the double top @ 1.2800. The Average Daily Trading Range (ATR) for the pair is 110 pips.
