Bearish: USDX is bullish at the time of this post but near a top. We are currently @ 1.8478 in a 5th wave down. We are looking for an initial move to the ATR Target @ 1.8373 area. Be aware that with USDX up this could be a reversal point back to support @ 1.8588. Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 113 pips.