EURAUD Channel Opportunity

Bearish: USDX is currently going down at the time of this post. We are currently @ 1.5757. We have the convergence for the continuation move. We are looking for an initial move to the S4 support @ 1.5668 with a continuation to the ATR Target @ 1.5621. Watch the USDX for any change in direction. The ATR for the pair currently is 136 pips per day and its 180 day average is 121 pips.

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Posted to Introduction to Forex Targe… on Dec 22, 2021 — 8:12 AM

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