Bearish: Currently we are @ 1.6012 in a large range just out of a bear flag pattern. We are looking for a continuation to the 0.618 Fibo @ 1.5960 with a possible further target to the flag target to the 0.786 Fibo @ 1.5910. The average daily true range (ATR) for the pair currently is 95 pips.
EURAUD– channel
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