The pair is currently @ 1.6267. We have a reset the parameters to the uptrend indicating further movement long. Initial target is the 1.270 Fibo @ 1.6322 and then the 1.618 Fibo @ 1.6390. Today is square up day so we may put the bottom in @ 1.6228 and be ready for next week instead. Watch for a bounce at that level. The Average Daily Trading Range (ATR) for the pair is 81 pips.