EUR/AUD: Reversal Likely
Scott Barkley | Sep 28, 2022 08:49AM ET
EUR/AUD is currently at 1.4918 after an attempt to take out the ATR to the long side (1.5053). USDX appears to be flipping finally, so if we can break the Slope support here, we could move to the ATR target) at 1.4786.
Watch the USDX for any change in direction. The ATR for the pair currently is 137 pips per day, and its 180-day average is 140 pips per day. USDX is currently attempting down.
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