Bearish: We are currently @ 158.61 in a channel. IF we can break support @158.06, we are looking for a continuation to the ATR target 156.67 and then the S6 target @ 155.73. Watch the USDX for any change in direction. The ATR for the pair currently is 235 pips per day and its 180 day average is 195 pips per day. USDX is currently up at the time of this post.
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