Forex Strategies Bearish: We are currently starting a channel in a possible 3rd wave. If we can break resistance @ 90.84, we should continue to the ATR target @ 90.30 with the next target the S4 @ 89.97. The pair should prove it out when the market opens. It’s Daily ATR is 122 pips and its 90 day average is 106 Pips a day. My Analysis says the USDX is UP.