EUR/AUD- Support Break?

 | Aug 16, 2017 08:48AM ET

EUR/AUD

Currently we are @ 1.4905 in a big range. We just got a break of the support @ 1.4937 and a move to the 0.618 Fibo @ 1.4828 is likely. We had consolidation in this area before so look to do it again. The average daily true range (ATR) for the pair currently is 102 pips.