EUR/AUD Channel Continuation Opportunity

 | Mar 25, 2019 08:43AM ET

EUR/AUD Bearish: Currently, we are at 1.5935 in a range and a nice channel. IF we can break the 0.618 Fibonacci here, we are looking for the continuation to the square up at 1.5874. The average daily true range (ATR) for the pair currently is 98 pips.