Currently the cross is @ 0.7873 after languishing in the rectangle pattern for what seems like forever. The Cross finally has broken to the upside and is sitting just below the resistance @ 0.7873. Look for the cross to break this resistance and continue to the R5 @ 0.7958 and then look for a continuation to 0.8000 . Watch the Psychological number @ 0.7900 – could stall there. A breakdown to the downside would target a move back to the R3 @ 0.7725. We are currently bullish.
