Bearish: Currently we are at 1.9586 in a 5TH wave in a nice trend. We are looking for a move to the ATR target @ 1.9400 and later to the S6 Support @ 1.9282 and then watch for a reversal. The Average Daily True Range (ATR) for the pair currently is 253 pips. WATCH THE USDX for more clues.