EUR/NZD – bounced off the bottom

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EUR/NZD – bounced off the bottom

By Pro Act Traders — Author

Note: FOMC this week

Bullish: We are currently @ 1.7610 breaking slope resistance in a range. We have a triple bottom in place and are looking for a continuation to the ATR target @ 1.7710 with the further target the R5 @ 1.7847 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 136 pips per day and it’s 90 day average is 135 pips per day. USDX is threatening Down.

Posted to Introduction to Forex Targe… on Dec 11, 2023 — 8:12 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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