Scott Barkley
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Scott Barkley in Proact Traders,

Target Trading in the Forex week of May 1st, 2016 (EU,UJ,GU,AU)

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1222 in a range. As long as USDX is shorting we are looking for a continuation move up to the 1.270 Fibo@ 1.1641 and then a correction.  The break up would confirm a fifth wave in place. The average daily true range (ATR) for the pair currently is 86 pips.

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