Bearish:Currently we are @ 0.8641 just out of a Rising wedge(bearish) and in a range. We are looking for a continuation initially to the ATR Target @ 0.8614 and then to the 0.500 Fibo @ 0.8566. The average daily true range (ATR) for the pair currently is 56 pips but its
90 day ATR is 71 pips a day.