Bearish: Currently we are @ 1.7577 in the start of a 3rd wave in a trend.IF we can break the 0.500 Fibo here @ 1.7554, we are looking for a continuation to the 0.618 Fibo/S3 @ 1.7512. The target this week is 1.7300 area. The average daily true range (ATR) for the pair currently is 118 pips.