Bearish:  Currently we are @ 1.1147 in a Range and just finished a pullback (which is your friend). We are looking for a continuation initially to the 0.786 Fibo @ 1.1109 and then to the ATR Target @ 1.1079.  The average daily true range (ATR) for the pair currently is 62 pips and its 180-day ATR is 60 pips a day.

fxsoriginal

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