Bullish: Currently we are @ 147.74 in a possible 3^rd wave. We are initially looking for a continuation to the R5 @ 150.07 and a further target @ 152.20 area this week. The average daily true range (ATR) for the pair currently is 150 pips.

Note: USDX is in a “possible” bullish trend and that is bolstered by strong NFP numbers which affects the major currencies.Be aware that that could change in a heartbeat and the ATR’s are falling.

$EURUSD

What ProAct Traders See:Bearish: ...

Bullish: Currently we are @ 131.79 in a flag pattern. We are initially looking for a break out and then continuation to the 0.681 Fibo @ 132.46 and a further target @ 133.05 area. The average daily true range (ATR) ...

Bullish: Currently we are @ 0.7354 in a channel. We are initially looking for a continuation to the 0.682 Fibo @ 0.7424 and a further target at the 0.500 Fibo @ 0.7480 area. The average daily true range (ATR) for ...

Bearish: Currently we are @ 1.5854 and breaking support. We are initially looking for a continuation to the 0.382 Fibo @ 1.5802 and a further target at the 0.214 Fibo @ 1.5764 area. The average daily true range (ATR) for ...

Note: USDX is out of a rising wedge and falling which affects the major currencies.

$EURUSD

What ProAct Traders See:Bullish: We are currently sitting @ 1.2331 after bouncing on the bottom of the range.We are looking for a continuation ...

Bearish: Currently we are @ 1.6869. If we can break this support, we are initially looking for a continuation to the 0.500 Fibo @ 1.6817 and a further target at the 0.618 Fibo @ 1.6746 area. The average daily true ...

Bearish: Currently we are @ 1.3034 out of the correction. If we can break this support, we are initially looking for a continuation to the Day support @ 1.2957 and a further target at the 1.270 Fibo @ 1.2848 area. ...

Bearish: Currently we are @ 83.92 in a triangle and waiting for the breakout. If we can break this support, we are initially looking for a continuation to the 1.270 Fibo @ 83.18 and a further target at the 1.618 ...

Bearish: Currently we are @ 0.7316 and starting a push to the downside in a channel. If we can break this support, we are initially looking for a continuation to the 0.618 Fibo @ 0.7277 and a further target at ...

Note: USDX is sideways and has divergence for a possible upside move which affects the major currencies.

$EURUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2296 in a triangle pattern.We are looking for a continuation to the ...

Bearish: Currently we are @ 0.9362 and starting a push to the downside out of a channel with divergence.We are initially looking for a continuation to the 0.382 Fibo @ 1.0625 and a further target at the 0.500 Fibo @ ...