Note: USDX is still bearish and still trying to extend the 3 wave.We are looking for the continuation to the 93.79 area and if we bounce hard here could put a 4^th wave up. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$EURUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.1629 in a range but we could be trying to establish a trend. A couple of different scenarios:1:Bullish: a bounce here look for 3^rd wave continuation to the R5 @ 1.1900. 2: Bearish:A move below 1.1700 would most likely reestablish the range so look for the support@ 1.1518. Watch the USDX for direction. The ATR for the the pair currently is 82 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 112.03 in a range. The pair has gone exactly opposite of the USDX so being a contrarian right now. We are looking for a continuation to the range top@ 113.21.Here we could pullback or continue to the 114.00 area. The average daily true range (ATR) for the pair currently is 52 pips.

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$GBPUSD

What ProAct Traders See:Bullish: We are currently sitting @ 1.3081 in a 4^th wave. We are looking for a continuation of a 5^th wave to the R5 @ 1.3400. A break below 1.3000 reestablishes a range and the target is 1.2800. The average daily true range (ATR) for the pair is 111 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:We’ll see: We are currently sitting @ 0.7336 in a range.We are looking for a continuation here that would target the range top @ 0.7450 area. The average daily true range (ATR) for the pair currently is 67 pips.

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