The Cross is breaking out of the rising wedge which is bearish for it. Normally we would get a nice long run with this pattern but tomorrow is NFP so markets will probably be sluggish in anticipation of that announcement. A break of the 112.21 targets the S4 target @ 111.69 and the .382 fib retracement @111.29. Further targets are the .500 Fibo @ 110.44 and the S5 @ 110.25.
