EURAUD support break opportunity

Jul 20, 2022

Bearish: We are currently @ 1.4777 in a channel in a range. We have convergence to the downside. We are looking for a continuation to the ATR target @ 1.4675 area and then the support @ 1.4560. Watch the USDX for any change in direction. The ATR for the pair currently is 148 pips per day and its 180 day average is 143 pips per day. USDX is currently threatening up at the time of this post.

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