I believe we have hit short term resistance at the 0.764 Fib level. However I do believe there is a cup and handle pattern forming and thus once the trend line has been hit will expect a move towards and above the 1.3450 area.
Initially my target is 1.3140 with a tight stop loss just above the Fib 0.764 area
Initially my target is 1.3140 with a tight stop loss just above the Fib 0.764 area