$EURUSD- channel?
Currently we are at 1.2815 and working a channel to the downside. We are looking for a bearish continuation to the support and 1.270 Fibo @ 1.2688 with the overall target at the support cluster @ 1.2535-94. Uncle Ben today and FOMC so caution. The average daily true range (ATR) for the pair currently is 108 pips.