EUR/AUD In Bearish Channel

 | Feb 20, 2018 08:50AM ET

EUR/AUD is Bearish: Currently we are at 1.5675 and starting a push to the downside. We are initially looking for a small pullback and then a continuation to the square up area at 15575-83 and a further target at the 0.500 Fibo at 1.5530 area. The average daily true range (ATR) for the pair currently is 125 pips.