Bearish: Currently we are @ 122.62 in the bottom of a range. IF we can break here, we are looking for a continuation initially to the ATR Target @ 122.00-10 and then to the 1.270 Fibo @ 120.74. The average daily true range (ATR) for the pair currently is 72 pips but its 180-day ATR is 89 pips a day.
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