Forex analytics and overview
EUR/AUD: Cup and Handle Pattern Sets Stage for Bullish Breakout
2024.10.16 13:15
Forex Strategies Bullish: is trading at @1.6303 at the time of writing, out of range in a cup and handle pattern that is bullish. We are looking to target the ATR target @ 1.6350. A further target is the R5 @ 1.6380. Watch for a reaction there. The pair should prove it out when the market opens. Its Daily ATR is 102 pips, and its 90-day average is 103 Pips a day. My Analysis says the USDX is currently up.