Forex Trading the week of 11/15/2026: USDX, EU,UJ,GU

Note: FOMC Minutes this week!!!!!

USDX:

Forex Strategies Bullish: We continue to put in higher highs – will that continue? If it is a third wave we should top out and then put in a short 4th wave to continue. The pairs should prove it out when the market opens. All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.1023 at a potential bottom in a 3rd wave.    We are looking for a continuation to  2.618 Fibo/S5 @ 1.0856-83  The ATR for the pair currently is 74 pips and its 90-day average is 57 pips.

USDJPY

Forex Strategies Bullish: We are currently @ 159.68 in the start of a 3rd wave. We are looking for a continuation to the R6/Day top @ 162.38.  The average daily true range (ATR) for the pair 91pips and it 90-day average is 109 pips.

GBPUSD

Forex Strategies: Bearish:  We are currently @ 1.3212 in a 3rd wave. We are looking for a continuation to the Day chart bottom @ 1.3138.   The average daily true range (ATR) for the pair currently is 78 pips and it 90-day average is 69 pips.