EURAUD continuation

Bearish: USDX is finally made the turn and bearish and committed at the time of this post. We are in a channel so should now see the resumption of the channel to the downside. We are looking for a continuation to the ATR Target @ 1.5856/49 area. Watch the USDX for any change in direction. The ATR for the pair currently is 92 pips per day and it’s 180 day average is 93 pips.

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Posted to Introduction to Forex Targe… on Aug 11, 2021 — 8:08 AM

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