EURAUD channel

Bearish: We are currently @ 1.5448 in a channel. We have convergence in play for the down move and USDX has finally turned south. IF we can break this support, we are looking for a move to the ATR Target @ 1.5357 area. Watch the USDX for any change in direction. The ATR for the pair currently is 132 pips per day.


Posted to Introduction to Forex Targe… on Mar 09, 2021 — 8:03 AM

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