Bearish: We are currently @ 1.7258 after an expected breakout. We are looking for a move to the ATR target @ 1.7084 with a further target the 2.618 Fibo @ 1.6978. We have convergence on the hourly. Target up is 1.7550 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 226 pips per day and its 180 day average is 202 pips per day. USDX is currently down.