In my last post I was monitoring a potential wedge pattern forming on the 4h time frame for a long break out. It has since broken out of the wedge pattern to the low side and is hitting the 61% fib level for a bounce that we could see go as high as 1.2000. We also have a monthly support level a little lower than current price action that I dont think we will break. For now I am going to play a long position to about the 1.0900 level.