EUR/NZD – Pushing down

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EUR/NZD – Pushing down

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 1.8084 in a channel. We are looking for a continuation up to the ATR target @ 1.8006 and then the 1.270 Fibo @ 1.7994. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 162 pips per day and it’s 90 day average is 109 pips per day. My Forex Analysis says USDX is currently sideways.

Posted to Introduction to Forex Targe… on Aug 13, 2024 — 8:08 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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