Bearish: We are currently @ 91.08 in a channel up but also in a sideways move. We are looking for a continuation to the ATR target @ 90.93. A break down there would set up the move to the 1.270 Fibo @ 90.54. Watch the USDX for any change in direction. The ATR for the pair currently is 109 pips per day and its 180 day average is 108 pips per day. USDX is currently up but could be topping out at the time of this post.
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