Currently the cross is @1.3326. The cross has broken the down channel to the upside and now sitting just under the R4 @ 1.3388. If this area is broken expect a move to the -0.270 Fib Extension @1.3430 with further targets @ 1.3508. If the bulls fail to break the R4 look for a return to the 1.3200 area . We are bullish but cautious for now.
