Note: USDX is in a bullish move and we expect it to continue to the top. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s are finally increasing.
ProAct Traders See: Bearish: We are currently sitting @ 1.2319 in a range. We are looking for a continuation of the downside move to the square up @ 1.2235 and then a further move to 1.2151. The average daily true range (ATR) for the pair currently is 91 pips.