Bearish: We are currently at 96.33 after a breakout of the former bullish channel We are looking for a continuation to the ATR at 95.59 with the overall target today, the 4.236 Fibo at 95.44. Watch the USDX for direction.
The average daily true range (ATR) for the pair is 105 pips per day, and it’s 90-day average is 103 pips per day. USDX is currently moving up.
