Bullish: We are currently @ 1.7835 in a 3rd wave. We have convergence for the upside move on the 60-minute chart. We have the start of convergence for the downside move on the 240-minute chart. We are looking for a continuation to the ATR target @ 1.7947 and then the start of the 4th wave down. Watch the USDX for direction. The ATR for the pair currently is 123 pips per day.