EUR/AUD: Bearish Outlook

Bearish: 

EUR/AUD is currently at 1.5448 in a channel. We have convergence in play for the down move and USDX has finally turned south. If we can break this support, we are looking for a move to the ATR Target at 1.5357 area. Watch the USDX for any change in direction. The ATR for the pair currently is 132 pips per day. 

EUR/AUD Channel

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