Note: USDX is sideways and has divergence for a possible upside move which affects the major currencies.
What ProAct Target Traders See: Bearish: We are currently sitting @ 1.2296 in a triangle pattern. We are looking for a continuation to the range bottom @ 1.2201 and then decision time. A bounce back to the 0.500 Fibo @ 1.2364 or down to the 1.270 Fibo @ 1.2119. The average daily true range (ATR) for the pair currently is 104 pips.