Bearish: We are currently @ 1.1762 after topping out. We have convergence for the downside move on the 60-minute chart. We are looking for a continuation to the 0.382 Fibo @ 1.1698 for a possible bounce point to range. A break down here would target the ATR target @ 1.1673. Watch the USDX for direction. The ATR for the pair currently is 105 pips.