Note: Minutes from today’s FOMC meeting
Bullish: We are currently at 1.9071 in a channel. We are looking for a continuation of the ATR target @ 1.8922 and the additional target for today is the daily chart bottom @ 1.8859. We have convergence at play. Look at USDX for direction. The average daily true range (ATR) for the pair is 139 pips per day and its 90-day average is 142 pips per day. USDX is currently going down.
EURAUD – triangular opportunity
