Currently @1.0696. The cross has now built a head and shoulders after the failed attempt to break the R5. We are looking for more downside today to the .382 fibo @ 1.0639. The 0.500 fibo is a lower target @ 1.0592 – IF we get some traction. Expect a pullback at either target as this completes the a of an abc . Should it break to the North look for the return to the 1.0768(R5 ) as the target.
