EURNZD channel break

Bearish: USDX has printed an abc corrective pattern at the time of this post but is uncommitted YET to the down move. IF we get traction, we are looking for a continuation to the ATR Target @1.6561 area. We have a channel and a MACD break already. Watch the USDX for any change in direction. The ATR for the pair currently is 122 pips per day and it’s 180 day average is 154 pips.

Posted to Introduction to Forex Targe… on Sep 08, 2021 — 8:09 AM

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