EUR/AUD – Continuation?

 | May 23, 2018 08:51AM ET

AUD/EUR

Bearish: Currently we are at 1.5533 back in the channel. We are looking for a continuation initially to the 1.618 Fibo at 1.5472 and an overall target this week of 1.5410. The average daily true range (ATR) for the pair currently is 84 pips.