Bearish: We are currently @ 1.3155 ending a 3rd wave up. We have divergence for the downside move on the 60-minute chart. We are looking for a Breakout and a continuation to the ATR target @ 1.3007-0 area and then a bounce on the support @ 1.2983. Watch the USDX for direction. The ATR for the pair currently is 110 pips per day.