On my post yesterday (http://tinyurl.com/28kyv5d) we were looking for the cross to go to the S6 @ 1.2756. It has now taken out the S7 and the former low @ 1.2682. There has been little correction and currently it is in an unsustainable trend. My opinion (that and $1 won’t get you a Starbucks) is that we should see some serious profit taking and a correction to 1.3000. Still there is a 1.27 target below at the 1.2595 area.
