Currently we are at 1.5826 after breaking out of  the downtrend.   We are  sitting on the R3 resistance. If we get follow through the target area up is the R4 .500 Fibo @ 1.5900-5926 area.  The current average daily trading range (ATR) is 100 pips.

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Comment by Scott Barkley on January 31, 2013 at 5:16pm

Looks like it may make it  THANKS!!

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