It is at 1.2470 in a channel. We are looking for a continuation of the ATR target at 1.2500 and the additional target for today is the daily chart high @ 1.2587. We have divergence in play, so this may be the last move. Look at USDX for direction. The average daily true range (ATR) for the pair is 100 pips per day and its 90-day average is 95 pips per day. USDX is currently threatening to decline.