EURAUD Poised to fall

Bearish: USDX is currently bearish (but in a pullback) at the time of this post. We are currently @ 1.5958 in a descending wedge (bearish) in a range. We are looking for an initial move to the ATR target @ 1.5750 area. Watch the USDX for any change in direction. The ATR for the pair currently is 140 pips per day and its 180 day average is 123 pips per day.

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Posted to Introduction to Forex Targe… on Feb 16, 2022 — 8:02 AM

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