Scott Barkley
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Scott Barkley in Proact Traders,

Target Trading in the Forex week of July 16th, 2017

Note:  Currently USDX is bearish

$EURUSD

What ProAct Forex Target Traders See:   We are currently sitting @ 1.1466 in a channel inside a channel.  We are looking to complete a 5th wave in the 1.1720 area as lomng as the USDX stays bearish. It could end at the 1.1600 area though. It might take a while though since the pair’s ATR is so low for its popularity.  The average daily true range (ATR) for the pair currently is 57 pips.

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