Bullish: Currently we are @ 1.2583 in a flag continuation pattern.IF we can break the flag resistance here, we are looking for a continuation to the 0.786 Fibo @ 1.2681 which should finish a 4<sup>th</sup> wave and set up a 5<sup>th</sup> wave down. Our overall target down is the double bottom @ 1.2400 area. The average daily true range (ATR) for the pair currently is 85 pips.