EURUSD channel trade

Bearish:  We are currently @ 1.2026 in a channel which is bearish. We are looking for a move to the ATR Target @ 1.1985 area. A continuation would target the 0.786 Fibo at 1.1874. Watch the USDX for any change in direction. The ATR for the pair currently is 73 pips per day. 

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