EUR/AUD: Channel Break

 | Aug 24, 2016 08:40AM ET

EUR/AUD:
Currently we are 1.4773 after breaking out of the channel. We are looking for a continuation to the 0.214 Fibo @ 1.4730 and then MAYBE resumption to the 1.4700. The average daily true range (ATR) for the pair currently is 116 pips.