Bearish: USDX is Bullish at the time of this post with a significant breakout of the channel. We are currently @ 1.2760 in the start of a new channel down in a range. WE have a double top in place, so we are looking for an initial move to the ATR Target @ 1.3675 and then IF we break, down to the 1.3600 area. Watch the USDX for any change in direction. The ATR for the pair currently is 80 pips per day and its 180 day average is 85 pips.
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