Bullish: We are currently @ 138.26 in a 5th wave. Two scenarios: Bullish: a move to the ATR Target @ 139.44 and a continuation later to the % 6 @ 140.52. 2: Bearish: A break down here would tell us this is a bear flag to start a C wave to the Trend wall and then get bullish there. Watch the USDX for direction. The ATR for the pair currently is 138 pips per day.