Bullish: We are currently @ 1.2188 after a channel wall bounce. We are looking for a continuation to the ATR target@ 1.2323 area and then the 0.618 Fibo @ 1.2352 area. Watch the USDX for any change in direction. The ATR for the pair currently is 141 pips per day and its 180 day average is 133 pips per day. USDX is currently also possibly topping out at the time of this post.
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