The pair is currently @ 1.2926 and sitting at the .618 Fibo. If we can break out of the pennant the next target is the 0.382 Fibo/ R4 target @ 1.3017. The overall target is @ 1.3100 area. Watch the 1.3000 Psychological area for a possible failure to hit the target. Average Daily Trading Range (ATR) for the pair is 107 pips.
