EURAUD Channel

Bearish: We are currently @ 1.5829 in a channel. IF we can turn back down after this pullback, we are looking for a move to the ATR Target @ 1.5720 area. Watch the USDX for any change in direction. The ATR for the pair currently is 124 pips per day.

Posted to Introduction to Forex Targe… on Jan 06, 2021 — 8:01 AM

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