Bullish: We are currently @ 1.3918 in a channel in a range. We are looking for an initial move to the ATR Target @ 1.3986 area. The further target is the range top @ 1.4010. Watch the USDX for any change in direction. The ATR for the pair currently is 94 pips per day which is why the channel trade is enticing since price is considerably above this.