EUR/AUD – Poised to continue

Note: JOLTS is this AM

Bullish: We are currently @ 1.6495 just out of the flag pattern. We are looking for a continuation to the 1.000 Fibo @ 1.6533 with the overall target the ATR target @ 1.6579. Watch the USDX for direction. The average daily true range (ATR) for the pair is 107 pips per day and it’s 180 day average is 143 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on May 31, 2023 — 8:05 AM
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