Bearish: Currently we are @ 0.7316 and starting a push to the downside in a channel. If we can break this support, we are initially looking for a continuation to the 0.618 Fibo @ 0.7277 and a further target at the 0.786 Fibo @ 0.7233 area. The average daily true range (ATR) for the pair currently is 73 pips.