Currently the cross is @1.3683 after a strong correction and breakout of the former up trend. The cross has moved all the way to the S6 where we have strong support. A breakdown here and the Target is the 0.618 Fibo @ 1.3569. Further target is at the 0.786 Fibo @ 1.3400. A bounce today would target the .382 Fibo @ 1.3830. We are bearish – especially after a small bounce.
