Bullish: Currently we are at 120.37 in a range and in a channel.A continuation here would target the ATR target @ 121.93 and then the range top @ 121.50 area. Watch for the Sell off there and the resumption back down. The average daily true range (ATR) for the pair currently is 60 pips with a 180-day ATR of 72 Pips. WATCH THE USDX for more clues.