Note: Currently USDX is bearish
What ProAct Forex Target Traders See: We are currently sitting @ 1.1670 in a channel nearing the top of a 5th wave. We are looking to complete a 5th wave in the next 100 pips but not sure which target here will be the last. Look for a head and shoulders pattern and then start the descent. The average daily true range (ATR) for the pair currently is 74 pips.