EUR/USD Range Trade

 | Aug 10, 2020 08:56AM ET

EUR/USD Bearish: We are currently at 1.1762 after topping out. We have convergence for the downside move on the 60-minute chart.  We are looking for a continuation to the 0.382 Fibonacaci 1.1698 for a possible bounce point to range.  A break down here would target the ATR target at 1.1673.  Watch the USDX for direction. The ATR for the pair currently is 105 pips.