Currently we are at 1.2932 and have just bounced on the 0.500 Fibonacci level to the north. The target area is the S3 and Trend wall @1.3000. This will complete the ABC pattern and will expect a move then back to the double bottom @ 1.2869. The big target is the 0.786 Fibo / S5 @ 1.2748. The average daily trading range (ATR) is 74 pips.
