Scott Barkley
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Scott Barkley in Proact Traders,

Target Trading in the Forex week of May 15th, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1311 after the reversal we anticipated last week.  We are looking to work through the Fibs first to 1.1223 then 1.1148 and finally 1.1072.  However, a second wave in not printed which means we could bounce first (look to the 0.382 Fibo) before all of this.  The average daily true range (ATR) for the pair currently is 77 pips.

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