U.S. Non-Farm Payrolls and Employment Situation report this week!
WHAT ProAct Traders SEE: We have come up to the .270 fib extension which could be a key reversal area for the cross. Still considerable risk that the .618 will get hit since it is within striking distance. Key support areas are 1.3575 and 1.3459. Further targets at 1.3158 ( 0.382 fibo).
Ozzie still shows some downward pressure on the cross. Look for a bponce at the 0.9657 (trend line) and a continuation to the R7 at 0.9761. A break of the trend line targets the 0.618 fib (previous resistance) at 0.9565.
Currently the cross is at resistance @ 1.3467. It appears to have topped out and looking for it to go to the bottom trendline around 1.3430. This is a critical area - if it breaks look for the move down to the 1.3160. If it cannot look for a double top at or near the 1.3511.