We have been trading withing an ascending channel since the big drop in the beginning of January 2014, with a series of higher lows respecting the ascending channel support. The time has come for a break out and that we see with the initial fake break out to the downside. We will soon break up to the levels in the 0.820000 - 0.82500 range. Unlike most times, I will keep updating on this trades validity status as things unfold