EUR/AUD – Reversal?

Scott Barkley ProAct Traders

Bearish: Currently we are @1.6305 in a range. We are looking to continue to the ATR target @ 1.6226 and then to the 0.618 Fibo @ 1.6203. Watch for the Bounce there to resume the up move or a continuation to the range bottom. The 14-day ATR (Average True Range) is 111Pips with a 180-day ATR of 102 Pips.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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