A little more to go in this move and we will be at the top of the trendline. Currently the cross has broken through the .500 fib retracement @ 1.5785 and showing little signs of a pullback here. The .618 fib is also at the trendline @ 1.5856 so expect some pullback there. A break of the former trendline to the upside targets the .786 fib retracement @ 1.5957. A reversal here targets a move back to the 382 fib @ 1.5714.
Forex