EURAUD Channel Break Out

Bearish: USDX is headed down at the time of this post. Currently we are at 1.6104. We are looking for a continuation to the ATR (Average True Range) Target @ 1.6046 area. The 0.214 Fibo @ 1.6020 would be the target after the ATR target. Watch the USDX for any change in direction. The ATR for the pair currently is 102 pips per day and it’s 180 day average is 99 pips.

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Posted to Introduction to Forex Targe… on Sep 23, 2021 — 8:09 AM

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