Bearish:Currently we are @ 1.8588 in a range. IF we can break down here, we are looking for a continuation initially to the ATR target @ 1.8462 and then to the 0.618 Fibo @ 1.8408. The average daily true range (ATR) for the pair currently is 141 pips but its 180-day ATR is 183 pips a day.