Note: Pending Home Sales this AM
Bearish: Currently we are at 151.34 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 150.50 with a further 1.270 Fibo target @ 150.38 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 103 pips per day and it’s 90 day average is 124 pips per day. USDX may have finished it’s up move.