Note: USDX is in a range.We are currently bullish but close to a potential top. Watch the reaction @ the 97.435 area and also 98.250 for either a continuance or reversal.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower.
$EURUSD
What ProAct Traders See: We are currently @ 1.1323. Bullish: we are looking for a completion of the down move @ 1.1300 and then a bounce to the top of the range @ 1.1585 (watch for a reversal there).We have divergence in play for this move now.Watch the USDX for direction. The ATR for the the pair currently is 59 pips.
…………………………………………………