Currently, we are at 172.78, in a range. If we can break the slope support, we are looking for a continuation of the ATR Target at 171.82.
There is significant support at 171.36: watch that area. We should see a reaction there.
Watch the USDX (NASDAQ:USDX) for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 118 pips per day, and its 90-day average is 124 pips per day.
My forex analysis says USDX is currently up.