Bearish: Currently we are @ 0.6993 trying to break out of a range. We are looking for a continuation initially to the 1.270 Fibo @ 0.6948 and then to the 1.618 Fibo @ 0.6878. The average daily true range (ATR) for the pair currently is 49 pips but its 90 day ATR is 59 pips a day.
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