Currently we are @ 0.7504 in a 4th wave correction. We are looking to complete a move to the square up @ 0.7582. From there we are looking for a 5th wave to start down to the 0.7400 and beyond. While the ATR is currently low- it has a tendency to explode for a bunch pf pips. The average daily true range (ATR) for the pair currently is 57 pips.