Bearish: We are currently @ 140.44 after a break out of the a-b-c corrective move. We are looking for a continuation to the ATR target@ 39.58 area and then the support @ 139.40 area. Watch the USDX for any change in direction. The ATR for the pair currently is 149 pips per day and its 180 day average is 150 pips per day. USDX is currently also possibly topping out at the time of this post.
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