Currently the cross is @1.0172 . We pulled back to the .500 Fibo and bounces and now headed up to the R5 resistance @ 1.0267. We are in a big area of consolidation so a break of the R5 targets the 0.270 Fib extension @ 1.0365 and the upper target is the 0.618 Fibo Extension and the R6 @ 1.0495. A failure top break the R5 signals a return to the 0.382 Fibo @ 1.0123.
Forex