Currently we are @ 0.7008 in a well-established range in a flag pattern which is bullish for the pair. We are looking to continue initially to the 1.618 Fibo @ 0.7102 and then to the Range top @ 0.7231 and then reverse there back to the 0.214 Fibo @ 0.7118. The average daily true range (ATR) for the pair currently is 62 pips

Note: USDX is ranging bias to strength – should affect all USD pairs

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1758 starting a 3^rd wave in a day chart range. The Range will ...

Currently we are @ 0.8793 and back in the channel to the downside. We are looking to continue to the 0.214 Fibo and then the double bottom of the channel today @ 0.8683. The average daily true range (ATR) for ...

Still waiting – this was the post from Friday last week. Currently we are @ 87.76 and out of the symmetrical wedge. We are looking to complete a move to the range support @ 86.78. The average daily true range ...

Note: USDX is strengthening – should affect all USD pairs

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1768 inside a channel in a range. We are looking for an initial move down to the ...

Currently we are @ 87.77 and out of the symmetrical wedge. We are looking to complete a move to the range support @ 86.77. The average daily true range (ATR) for the pair currently is 72 pips.

This month's ProAct Traders “Real estate of the month” (formerly the pay your mortgage trade) idea is found in the EURAUD pair.

12/05/17 1.5596 start

We see that we are finishing a head and shoulders reversal pattern after a strong ...

Currently we are @ 0.7504 in a 4^th wave correction. We are looking to complete a move to the square up @ 0.7582. From there we are looking for a 5^th wave to start down to the 0.7400 ...

Currently we are @ 1.7191 in a channel and about to break the flag pattern. We are looking to complete a move to the triple bottom @ 1.7100. From there we are looking for a bounce. The average daily true ...

Currently we are @ 77.53 in a channel. We are looking to complete a move to the 0.382 @ 78.15. From there we are looking for a pullback. The average daily true range (ATR) for the pair currently is 60 ...

Note: Tough one to dissect this week - USDX is weak now, but the passing of the largest tax reduction in USA history Friday night after hours, might make the dollar strengthen. This might affect the dollar currency pairs – ...

Currently we are @ 85.03 in a 4^th wave. We are looking to complete a move to the Square up @ 85.51. From there we are looking for a 5^th wave down to 83.72. The average daily true ...