Currently we are at 106.71and have just under the WAVE 2 resistance ( R3). The target area on the break of the R3 is the R4 resistance @ 107.51. Interim target is the double top @ 107.14 with the big overall target being the1.270 Fibo extension and resistance clutter @ 107.96. The average daily trading range (ATR) is 110 pips.
