Note: USDX is weak at the moment- affects the movement below. Most ATR’s are dropping leading to more ranging.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1797 inside a range. We are looking to finish an a-b-c correction and then continue to the 0.382 Fibo @ 1.11889 and then continue to the 0.214 Fibo @ 1.1980. The average daily true range (ATR) for the pair currently is 59 pips.