Yesterdays correction did not alter the descending wedge on the cross so is still bearish. A break of the wedge should provide a move to the -0.270 fib extension/S6 @ 1.2063 area. Nice Big target is @ 1.1789 for the future @ the confluence of the Day support and -0.786 Fib extension @ 1.1789. Due to NFP we may stay in the wedge until that number is released.
Forex