The cross has broken through the trend line to the downside and taken out our first target (S4 @ 0.9108) after the breakdown. Currently @ 0.9139. Should go to the 0.9091 support as the next target. The overall target is the 0.8917 double bottom. Look for a stall there.
The cross has continued to take out our upper targets and now very close to the predictive top. Currently @ 1.0498. Should go to the 1.0519 target. This is where we have the confluence of the R4 and the 2.618 fib extension. Look for a stall there.
The cross has taken out our upper targets and now correcting. Currently breaking the support @ 1.6202. Should go to the 1.6250 support. Perhaps a stall there before resumption to the .3821 Fibo @ 1.6200 and the square up. Should see the bounce back into the uptrend there.
The cross has built a ascending wedge which is bullish for the cross. Currently testing the R5 @ 84.57. A break to the upside targets the 85.00 area where we have confluence of two fibs . A break here targets the 1.270 Fib extension @ 86.13.
The cross has bounced on the channel bottom and has now tested the top @ 1.4250. Currently sitting on the 1.270 Fibo extension @ 1.4220. Targets are the R6 @ 1.4370 (previous big move) R5 @ 1.4399 (most recent move) and the 2.618 Fib extension which is strong resistance.
WHAT ProAct Traders SEE: The market has broken to the upside and looking for a continuation to the top @ 1.4291 ( also the 1.618 fibo extension). We should see some consolidation here before the run to the R6 @ 1.4363. this is a good place for a reversal should they want to do that. A move down to the R5 (1.4130) first is not out of the question. Breaking that look for a move to the .500 fibo @ 1.4000. Looking for an overall target of the 1.4553 ( 2.618 target).
NFP could finally drive this to target. Currently we are at the 1.270 Fib extension @ .9640. The S5 target sites just below @ .9611. Look for buyers to enter there. We are selling on rallies to the target.
The cross has touched the .786 Fibo yesterday and then retreated and has now broken out of the channel to the downside. Currently sitting on the .500 Fibo @ 0.9150. Targets are the S3 @ 0.9131 and the 0.9091 which is strong support (0.382 and Support). It is NFP this week so that may be all that it can do.
The cross has continued its upward journey and has tested the Resistance @ 0.9238. We have a ascending wedge in play with the .786 Fibo @ 0.9279 as the target initially on the break. There is strong resistance just above it @ 0.9301. Look for sellers there.