Note: USDX is still potentially bearish but in a range.We have a zero-line break for an up move, but it may be short lived, so we are also anticipating the down move on the USDX.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: Waiting: We are currently sitting @ 1.1558 in a range.A couple of different scenarios:1:Bullish: a bounce here look for a continuation to the range top @ 1.1816. 2: Bearish:A move below 1.1558 look for the support@ 1.1411 and maybe 1.1304. Watch the USDX for direction. The ATR for the the pair currently is 81 pips.

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$USDJPY

What ProAct Traders See: Waiting: We are currently sitting @ 112.22 in a range. The pair showing signs of a continued downward move and may have one more move in it, but we do have divergence on the 60 min chart for the up move. A couple of different scenarios:1:Bullish: a bounce here (IF USDX turns down) look for a continuation to the day top @ 114.72. 2: Bearish:A down continuation look for the range support@ 110.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 66 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.3152 in a range inside a bigger range. We are looking for a channel breakout and a down continuation look for the Range support@ 1.2907. If we do not bounce here look to continue to the 0.786 Fibo @ 1.2800. Watch the USDX for direction. The average daily true range (ATR) for the pair is 101 pips.

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

What ProAct Traders See:Bearish: We are currently sitting @ 0.7112 in a channel in a range.We are looking for a continuation here first to the Day chart bottom @ 0.6940.Watch for a bounce there.If we get a range breakout look to the 1.618 Fibo @0.6870 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips.