The pair is currently @97.20 and testing breaking the wedge to the upside. A clean break of the wedge ( former downtrend line) would target the R5 @ 97.91 but we could also bounce back to the lower wedge line @96.05. Looking for the pair to decide. The pair currently has an ATR of 96 Pips.

You need to be a member of FXstreet.com Forex Social Network to add comments!
Join FXstreet.com Forex Social Network