A weekly close above key monthly resistance last Friday above 0.7550 gives us projections of upside potential to weekly resistance at 0.7780. Statement is supported by Fibo extension level 161.8%, a weekly break and close of monthly resistance @ 0.7550, bullish engulfing candle pattern. We are waiting for further price action.... a retest/consildation around 0.7550, and longs will be in play :)