Currently we are at 1.0397 and what formerly appeared to be a breakout now looks like a false breakout down to realign the trend. We have just bounced on the 0.382 Fibonacci level to the north. The target area is the resistance cluster ( Resistance/R of the 5th wave) @ 1.0432-38. The big target this week is the resistance cluster @ 1.0521-36. The average daily trading range (ATR) is62 pips.
