Bullish to Bearish: Currently we are at 1.2514 in a big channel in a range. If we can break this resistance, we are looking for a move up to the ATR target @ 1.2578 and then the R5 Top @ 1.2635. Look for the reversal there. The Average Daily True Range (ATR) for the pair currently is 114 pips. WATCH THE USDX for more clues.