Currently the cross is @ 0.7943 after the breakout of the wedge and then hitting our target the 1.270 Fibo @ 0.7957. We expect a slight pullback due to profit taking and then a continuation to R6 @ 0.8006. Interim target is the Resistance @ 0.7973. This should finish the 5th wave for the cross and we will look then for a correction.
Forex