EUR/AUD: Bearish Outlook

 | Mar 09, 2021 08:41AM ET

h2 Bearish: 

EUR/AUD is currently at 1.5448 in a channel. We have convergence in play for the down move and USDX has finally turned south. If we can break this support, we are looking for a move to the ATR Target at 1.5357 area. Watch the USDX for any change in direction. The ATR for the pair currently is 132 pips per day.