Bearish: We are currently @ 0.6526 in a channel in the start of a third wave. We are looking for a continuation to the range bottom target @ 0.6460 area and then the confluence area and ATR target @ 0.6433. Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and its 180 day average is 67 pips per day. USDX is currently up at the time of this post.
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