For the past few weeks I have outlined our psychological target is on the upside of 1.2000. We can expect a downward move on the opening of the market (down to the trendline
) forming a harmonic pattern
. If Price continues to increase and breaches 1.14800 then our first target of 1.16500 should be hit followed by a retracement to 1.14500 then up to our target 1.2000.