Bearish:Currently we are @ 1.8186 after completing a corrective 4<sup>th</sup> wave. We are looking for a continuation initially to the 2.618 Fibo @ 1.2076 and then a move to the Day bottom @ 0.7938. The average daily true range (ATR) for the pair currently is 106 pips but its 180-day ATR is 151 pips a day.