Cable has taken out the .618 fib retracement ( 12/06/10 high and 12/28/10 low) and headed down. Watch for consolidation at the 1.5391 area and a break of that should give us a double bottom @ 1.5346 as the cross finishes the range. A break of the bottom targets the 1.5302 ( S4) and then the 1.5252. Due to holidays and low liquidity anything can happen but momentum is likely not there to drive it.
