Forex Strategy is Bullish: We are currently @ 1.7671 in a 3rd wave in a channel. With this resistance break, we are looking for a continuation to the ATR Target @ 1.7738-43 area. We have Divergence on the hourly so watch for a 4th wave after hitting target. USDX is currently down. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 98 pips per day and it’s 90-day average is 110 pips per day.
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