As we noted yesterday "The initial target for the next move down is the -0.270 area at 1.3600 area". We did that and bounced however we are still in the descending wedge and now looking to go back to that target 1.3600 again. A break of the 1.3600 however, targets the 1.3491 (.618 fibo extension). Upside risk is a breakout of the wedge to the .382 fib retracement @ 1.3793. We like the downside opportunity.