Currently we are @ 1.6483 in a range. We bounced hard on the 0.786 as expected and are looking to continue initially to the 0.382 Fibo Resistance @ 1.6564 and then to the 0.214 Fibo Resistance @ 1.6653. We could get to the double top @ 1.6765 this week. The average daily true range (ATR) for the pair currently is 119 pips.

Currently we are @ 1.6483 in a range. We bounced hard on the 0.786 as expected and are looking to continue initially to the 0.382 Fibo Resistance @ 1.6564 and then to the 0.214 Fibo Resistance @ 1.6653. We could ...

Currently we are @ 0.7836 in a 5^th wave IF we break the slope support. We are looking to continue initially to the 0.618 Fibo Support @ 0.7789 and then to the S5 support @ 0.7727. We could get ...

Currently we are @ 148.39 in a 5^th wave. We are looking to continue initially to the S3 Support @ 147.83 and then to the S5 support @ 145.50 this week. The average daily true range (ATR) for the ...

Note: USDX is still bullish although in a correction in my opinion. ATR’s are really dropping.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1820 in a 5^th wave. We are looking for ...

Currently we are @ 1.3132 in a 5^th wave. We are looking to continue initially to the S3 Support @ 1.3082 and then to the S4support @ 1.2997. The overall target is the S5 @ 1.2849 and expect ...

Note: FOMC today- stay out of USD currencies

Currently we are @ 1.2852 in a channel. We are looking to continue initially to the 0.500 Fibo @ 1.2772 and then to the 0.618/Day support @ 1.2672. The average daily ...

Currently we are @ 132.50. We are just starting a 5^th wave up. We are looking to continue initially to the R3 @ 133.41 and then to the R4 / top @ 134.33 with and overall target of 135.75. ...

Note: Monday is a holiday in the USA – All banks are closed. USDX is still bullish.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1733 in a 5^th wave. We are looking for ...

Currently we are @ 1.1741. We are in a down channel in a downtrend. We are looking to continue to the S3 @ 1.1691 and then to the 1.270 Fibo @ 1.1660. The average daily true range (ATR) for the ...

Currently we are @ 90.21. We are in a descending wedge which is bearish for the pair. We are looking to continue to the 0.382 Fibo @ 89.29 and then to the 0.500 Fibo @ 88.56 later this week. The ...

Currently we are @ 1.6944. We had a flag that was interrupted by the fundamental announcement but look as if all is back to normal. We are looking to continue initially to the 1.270 Fibo @ 1.6900 and then to ...