EUR/USD Bearish: Currently we are at 1.1232. We have convergence to the downside on the 60-minute chart. We are looking to continue to the ATR target at 1.1159 area and then a continuation to the 0.500 Fibo at 1.1147. We expect a bounce there. The average true range (ATR) for the pair currently is 198 pips per day.