Currently weare at 1.4094 after the down trend breakout. This is a 2 part tradeopportunity. 1) We are looking for a bullish continuation to the R4 area@ 1.4120 and 2) the next target the 0.382 Fibo/Resistance @ 1.4201-11. The average daily true range (ATR) for thepair currently is 106 pips.