Note: Consumer Confidence today
Bullish: We are currently @ 1.2117 in a channel in a range. IF we break this resistance, we are looking for continuation to the 1.000 Fibo @ 1.2174 area and then the ATR target @ 1.2186. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 119 pips and it’s 180 day average is 134 pips per day. USDX is currently threatening down in a corrective move.