Analysis

EUR/USD – Back to the bottom?

Bearish:  Currently we are @1.0977 in a range. We are looking to continue to the Day chart bottom @ 1.0863. Watch for the reaction there back to the range bottom or a break out to the 1.270 Fibo @ 1.0736.  The 14-day ATR (Average True Range) is 57 Pips with a 180-day ATR of 56 Pips. 

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