Currently we are @ 0.7836 in a 5th wave IF we break the slope support. We are looking to continue initially to the 0.618 Fibo Support @ 0.7789 and then to the S5 support @ 0.7727. We could get to the double bottom @ 0.7586 this week. The average daily true range (ATR) for the pair currently is 53 pips.
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