Currently the cross is @1.5488. The cross has broken out of the uptrend tested the S4/ .618 Fibo area to the downside. If this area is broken expect a move to the 1.5410 / .786 Fibo area first and then to the S5 @ 1.5343 (look for bounce here). A failure to break the S4 look for a return to the 1.5600 area . We are bearish for now.
