EUR/AUD Channel Break Out

Bearish

USDX is heading down at the time of writing. Currently, we are at 1.6104. We are looking for a continuation to the ATR (Average True Range) Target at 1.6046 area. The 0.214 Fibo at 1.6020 would be the target after the ATR target. Watch the USDX for any change in direction. The ATR for EUR/AUD currently is 102 pips per day, and its 180-day average is 99 pips.

EURAUD Channel Break Out

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