Note: USDX shows weakness but near the bottom of its trend and may travel sideways for a while – should affect all USD pairs. ATR’s are starting to move up.
What ProAct Forex Target Traders See: We are currently sitting @ 1.2233 in a 5th wave and in a sideways move which is continued bullish bias. We are looking for continuation of a 5th wave to the R6 @ 1.2542. The average daily true range (ATR) for the pair currently is 89 pips.