EURNZD Channel Breakout headed down

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EURNZD Channel Breakout headed down

By Pro Act Traders — Author

Bearish: USDX is currently trying to go down at the time of this post. We are currently @ 1.6221 after a break of the channel. We are looking for an initial move to the ATR target@ 1.6016 area and then the 0.382 Fibo @ 1.5995. Watch the USDX for any change in direction. The ATR for the pair currently is 204 pips per day and its 180 day average is 181 pips per day.

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Posted to Introduction to Forex Targe… on Mar 15, 2022 — 8:03 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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