EUR/AUD – Cup and handle in play

Forex Strategies Bullish: We are currently @ 1.6303out of a range in a cup and handle pattern that is bullish. We are looking to target the ATR target @ 1.6350. A further target is the R5 @ 1.6380. Watch for a reaction there. The pair should prove it out when the market opens. Its Daily ATR is 102 pips, and its 90-day average is 103 Pips a day. My Analysis says the USDX is currently up.

Posted to Introduction to Forex Targe… on Oct 16, 2024 — 8:10 AM
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