Bearish: We are currently @ 1.1097 in a possible 5th wave.. We have divergence for the down move. Below 1.1062 look for a move first to the 2.618 Fibo @ 1.0976 with the overall target the ATR target @ 1.0885. Watch the USDX for any change in direction. The ATR for the pair currently is 238 pips per day and its 180 day average is 176 pips per day. USDX is currently attempting up.