Bearish: Currently we are @ 1.8776 in a Range and just out of a flag pattern. We are looking for a continuation initially to the ATR Target @ 1.8699 and then the 0.500 Fibo @ 1.8618. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 179 pips and its 180-day ATR is 168 pips a day.

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