Bullish
At time of writing, EUR/USD is currently at 1.1051, trading in a channel. We are looking for an initial move to the Day chart top at the 1.1151 area and then the ATR Target at 1.1161.
Watch the USDX for any change in direction. The ATR for the pair currently is 126 pips per day and its 180 day average is 101 pips per day.
USDX is currently trying to go down at the time of this post.
