EURNZD Symmetrical Triangle Break

Bearish: USDX is currently going up at the time of this post but near a top with divergence so anticipating a break down AFTER FOMC. We are currently @ 1.6860. We have convergence in play on the hourly compressions. We are looking for an initial move to the ATR target @ 1.6781 area. Watch the USDX for any change in direction. The ATR for the pair currently is 111 pips per day and its 180 day average is 119 pips per day.

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Posted to Introduction to Forex Targe… on Jan 26, 2022 — 8:01 AM
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