Forex analytics and overview

EUR/AUD: Channel Continuation?

2024.02.07 10:50

Scott Barkley

Bullish:  We are presently @ 1.6502 in a channel.  We are on the lookout for a continuation to the ATR goal @ 1.6567 with the additional goal  the 0.618 Fibo @ 1.6578 space. Watch the USDX for route. The common each day true vary (ATR) for the pair is 109 pips per day and it’s 90 day common is 118 pips per day. USDX is down.

EURAUD – channel continuationEURAUD – channel continuation

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