Two scenarios: Bullish:a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172.2: Bearish: A break down here or the 1.2996 area would set up a nice wave to the day chart bottom @ 1.2748. 3: a rang trade is it goes sideways. The average daily true range (ATR) for the pair currently is 111 pips with a 180-day ATR of 56 Pips.

Bullish: Currently we are at 1.9047 in a range.We are looking to continue to the ATR target/range top @ 1.9099. Should see a reaction there – watch for the sell off or continuation to the 1.9200. WATCH THE USDX for ...

Bullish: Currently we are at 2.0129 in a range.We are looking to continue to the ATR target @ 2.0184. We should fill the gap by Friday (although the Gaps are only filled in the FX 78% of the time).WATCH ...

Bearish: Currently we are at 139.68 in a range.We are looking to continue to the ATR target @ 139.07. WATCH THE USDX for more clues.The ATR is 90 Pips per day.

Bearish: Currently we are at 120.25 in a channel.We broke out of the consolidation and we should hit the ATR target @ 119.64. The overall target is the 117.00 area. Watch the 119.28 area. WATCH THE USDX for more clues ...

Bearish: Currently we are at 1.6060 in a channel.We broke out of the symmetrical triangle and we should hit the ATR target @ 1.5991. Watch the 1.6000 area. WATCH THE USDX for more clues.The ATR is 72 Pips per ...

Bullish: Currently we are at 140.75 in a range.If we Break out we should hit the ATR target today @ 141.89. Watch the 141.49 area. WATCH THE USDX for more clues.The ATR is 117 Pips per day.

Bearish: Currently we are at 140.00 in a range.If we do hit the ATR target today @ 120.18it will require the range breakout and would setup a stronger move to the downside to possible the 0.382 Fibo @ 119.23. WATCH ...

Bearish: Currently we are at 140.00 and looking to breakout of the symmetrical triangle. We are looking to continue to the ATR target @ 138.51 and then the 0.382 Fibo @137.28 which may complete an abc corrective pattern for a ...

Bearish: Currently we are at 140.29 and looking to breakout of the channel.We are looking to continue to the 0.786 Fibo @ 139.44 and then the ATR target @138.72. WATCH THE USDX for more clues.The ATR is 170 Pips ...

Bearish: Currently we are at 0.8914 after a breakout of the rising wedge.We are looking to continue to the ATR target @ 0.6775 and then the 0.500 Fibo @ 0.6746. WATCH THE USDX for more clues.The ATR is 48 ...

Bullish: Currently we are at 1.2860 after a correction.We are looking to continue to the ATR target @ 1.3013 and then the R5 @ 1.3147 and maybe the 1.618 Fibo @ 1.3147 by weeks end.WATCH THE USDX for more ...