EURAUD channel trade

Bearish:  USDX is headed up at the time of this post. Currently we are at 1.6075.  We are looking for a continuation to the ATR (Average True Range) Target @ 1.6014 area. We have a MACD break already on the 60 min. Watch the USDX for any change in direction. The ATR for the pair currently is 100 pips per day and it’s 180 day average is 99 pips.

 

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