Waiting: Currently we are at 143.14 out of a Symmetrical triangle. We are waiting for the breakout. Two scenarios: Bullish: a move to the ATR Target @ 121.14 area then to the resistance @ 121.50 2: Bearish: A break down here to the ATR Target @ 120.07 and then the 0.382 Fibo @ 119.81 The average daily true range (ATR) for the pair currently is 53 pips. WATCH THE USDX for more clues.
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