is bullish at the time of this post but near a top. We are currently at 1.3592 in a range inside a Day chart Down Trend. We are looking for an initial move to the range bottom at 1.3569 and then If we break, down to the ATR Target at 1.3487-94 area.
Be aware that with up this could be a reversal point back to support at 1.8588. Watch the USDX for any change in direction. The ATR for the pair currently is 102 pips per day and its 180 day average is 90 pips.
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