EUR/NZD – Topped out

Forex Strategies Bearish: We are currently @ 1.8087 in the top of the range with a triple top in play. If we can break the slope support, we are looking for a continuation to the ATR target @ 1.8007-0 and then further movement. Divergence is in play. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 114 pips and it’s 90 day average is 123 pips.

Posted to Introduction to Forex Targe… on Oct 29, 2024 — 8:10 AM

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