Currently the cross is @ 0.5670 after bouncing on the trend wall. The Cross has consistently stayed above the support at 1.5600( .786 Fibo also) and is sitting just above the R4 support @ 1.5665 and the 50% Fibo from the swing high and low of the last 2 days. Friday can be a square up day so watch for position traders to lighten their positions as this can create the opposite move of the charts. Look for the cross to bounce again on the 1.5600 support . Our upper target is the R5 @ 1.5801. A breakdown of the 1.5600 to the downside would target a move back to the R2 @ 1.5513.
