EURAUD reversal


Waiting:  USDX is currently going up but appears to be topping out with divergence for the down at the time of this post.  We are currently @ 1.5590 in a range.  We have an ABC in place and 4 tops already in place, so we are looking for an initial move to the 0.214 Fibo @ 1.5493 with the ATR Target @ 1.5450.  Watch the USDX for any change in direction. The ATR for the pair currently is 101 pips per day and its 180 day average is 104 pips.

 



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