The cross had a strong breakout of the Bull flag during the London session (currently @ 1.0750) and has tested the top again @ 1.0772. Looking for a breakout and resumption of the move to the 1.0860 (1.270 Fib Extension) and then to the 1.0898 target.
WHAT ProAct Traders SEE: The market has continued to the upside and had a small pullback. There is a possibility of a pullback to the .382 Fibo @ 1.4462 and then looking for a continuation to the top @ 1.4661.). Watch the 1.4700 even number which is a psychological number as well.
The cross had a strong move during the London session (currently @ 1.0750) has taken out the R7 Target @ 1.0659. Looking for a little more correction in the form of a sideways move or a flag before resumption of the move to the 1.0791 ( 4.236 Fib Extension) and then to the 1.0817 top.
The cross (currently @ 118.33) has retraced to the .382 fibo an d we are bearish on the cross. Looking for a little more correction-maybe as high as the 119.23 former support before resumption of the down move. A breakdown from there targets the 1.270 Fib extension @ 115.13 and then the S7 @ 113.46.
The cross (currently @ 1.4287) has broken out of the uptrend which is bearish for the cross. So far it has been unable to break though the .500 fibo @ 1.4270. A breakdown from here targets the .618 fibo @ 1.4221 with further targets at the S5 1.4144. If we bounce back to the upside at current price look for the 1.4377 (S3) support.
WHAT ProAct Traders SEE: The upward thrust has continued towards the next resistance @ 1.4485 and the R8 target. There is continued pressure to move to the upper trend wall and the 1.270 Fib extension @ 1.4644. A break of the 1.4644 targets the top of the trend. Look to buy on dips.
The cross (currently @ 1.6349) has built a wedge in the uptrend which is bullish for the cross. So far it has been unable to break though the R3 @ 1.6371. If we break to the upside look for the 1.6386 Resistance and a move to the top @ 1.6429. A breakdown targets the 1.6293 support.
The cross (currently @ 1.6318) has respected the uptrend but was unable to break though the channel top during the London session. It is now flirting with the bottom of the trend line. A breakdown targets the 1.6250 support and then the S4 target @ 1.6194. If we break to the upside look for the 1.6386 Resistance and a move to the top @ 1.6427.