EURNZD new channel

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EURNZD new channel

By Pro Act Traders — Author

Bearish: We are currently @ 1.6930 in the start of a new channel at a range top. If we can break this support we are looking for an initial move to the ATR Target/S4 @ 1.6803 area. A further target is the 0.500 Fibo @ 1.6773. Watch the USDX for any change in direction. The ATR for the pair currently is 129 pips per day.

Posted to Introduction to Forex Targe… on May 25, 2021 — 8:05 AM

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

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