EURUSD Surprise Box 12JAN09 – the pair has consolidated on multiple timeframes (1HR, 4HR and 5 min.). It is also slightly divergent on the 4HR. I am watching for a break of the 1 hour box, with a target to the top of the 4HR box and a possible continuation to the 800, or a break down with a target to the lower trendline on the 4HR. Also FIBS would be a good target. Biased towards the downside.