Scott Barkley
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Scott Barkley in Proact Traders,

Target Trading in the Forex week of Aug 14th , 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1163 just outside a narrow range. A couple of different scenarios:  1:  Bullish: a move to the 0.214 Fibo @ 1.1330 area and 2: Bearish: A break down to the double bottom support @ 1.0960.  Watch the USDX for clues on direction. The average daily true range (ATR) for the pair currently is 68 pips.

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