Forex Strategies Bearish: We are currently @ 162.63 in a range. If we break the range, we are looking to target the ATR targets/0.382 Fibo at 161.56. A further target is the S4 at 161.26. Watch for a bounce there.
The pair should prove it out when the market opens. It’s Daily ATR is 184 pips, and its 90-day average is 173 Pips a day. My Analysis says the USDX is currently down.