Currently the cross is @0.8863. The cross has broken through the S5 and is just above the top .786 Fibo. We have a bear flag on the 60 minute chart indicating further bearish bias. We look to continue to the .786 Fibo @ 0.8791 and then the S6@ 0.8708. IF – they bounce up look for the return to the S5 @ .8941.
