Bearish: We are currently @ 0.7794 in a wedge in a channel. We have convergence in play for the down move and USDX is trying to rise. If we can break the support here, we are are looking for a move to the ATR Target @ 0.7694 area which is also a significant support. Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day.