EURNZD Continuation

Bearish: USDX is not clear at the time of this post. We are currently @ 1.6172 in a channel down. We are looking for an initial move to the ATR Target @ 1.6092 and then down to the S4 support @ 1.6070 area. Watch the USDX for any change in direction. The ATR for the pair currently is 123 pips per day and its 180 day average is 123 pips.

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Posted to Introduction to Forex Targe… on Oct 26, 2021 — 8:10 AM
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