Waiting: Currently we are 108.19 in a channel in a Big Range. Two scenarios:1: Bullish: a move to the ATR target @ 108.60 and possible stronger move to the 109.00 area. 2: Bearish: A break down here to the ATR target of 107.67 and most likely to the 0.214 Fibo @ 107.52 area. The average daily true range (ATR) for the pair currently is 48 pips but its 180 day ATR is 58 pips.

fxsoriginal

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