The Cross has taken the upside channel out and has pulled back. It could have a greater pullback to the 1.6242 as the cross looks for support. This is NFP week so could be real sluggish. When support comes look for the R5 target (1.6357) to be hit which is also the 1.270 fib extension. I am looking for the 1.6398 target to get hit.
Forex