Bullish: Currently we are @ 77.34 in a 4^th wave.IF we can break the resistance here, we are looking for a continuation to the trend top @ 78.05-78.65. The average daily true range (ATR) for the pair currently is 139 pips.

Note: USDX is in a tight range.Watch the reaction @ the 96.732 area since we have divergence for the bounce up.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are higher.

$EURUSD

What ...

Bullish: Currently we are @ 1.1354 in a range and USDX is threatening a move south.IF we can break the resistance here, we are looking for a continuation to the range top @ 1.1498. The average daily true range ...

Bearish: Currently we are @ 0.6995 in a nice channel.IF we can break the support here, we are looking for a continuation to the 1.270 Fibo @ 0.6920. The average daily true range (ATR) for the pair currently is ...

Note: USDX is bullish but in a tight range.Watch the reaction @ the 98.285 area.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are the same.

This is the last for this year! ...

Bearish: Currently we are @ 141.64 in a nice channel.IF we can break the support here, we are looking for a continuation to the 1.270 Fibo @ 140.83 and the overall target is 139.98. The average daily true range ...

Bearish: Currently we are @ 1.7568 in a range and just out of a rising wedge pattern.IF we can break the support here, we are looking for a continuation to the 0.618 Fibo @ 1.7431. The average daily true ...

Bullish: Currently we are @ 1.7629 in a range.IF we can break the flag resistance here, we are looking for a continuation to the resistance/0.382 Fibo @ 1.7736 which should finish this up move. The average daily true range ...

Bearish: Currently we are @ 181.28 in a flag continuation pattern.IF we can break the flag support here, we are looking for a continuation to the square up @ 80.50 which should finish a 4^th wave and set up ...

Note: USDX is potentially bullish but in a tight range.Watch the reaction @ the 97.785 area.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s have dropped slightly.

$EURUSD

What ProAct Traders See: Bearish: ...

Bullish: Currently we are @ 1.2583 in a flag continuation pattern.IF we can break the flag resistance here, we are looking for a continuation to the 0.786 Fibo @ 1.2681 which should finish a 4^th wave and set up ...

Bearish: Currently we are @ 81.71 in a range.IF we can break the support here, we are looking for a continuation to the support @ 80.77 and our overall target is the square up @ 80.50. The average daily ...