Bearish: USDX is currently moving up at the time of this post. We are currently @ 1.2337. We are looking for an initial move to the ATR Target @ 1.2264 and then to the Day support @ 1.2217 area. Should see a 4th wave bounce here. Watch the USDX for any change in direction. The ATR for the pair currently is 93 pips per day and its 180 day average is 96 pips.
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