Currently we are at 1.6160 and have just broken out of the R4 Resistance area. The target is the 1.6200 and will look for bulls to come in if we break that. The big target is theR5 Top at the 1.6305 area but with NFP this week might be hard to reach it until NFP. The ATR (Average True Range) for the pair currently is 81 pips.
