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This is what I see in the Forex the week of March 3rd, 2019: USDX, EU,UJ,GU,AU

$EURUSD

What ProAct Traders See: We are currently @ 1.1365. Bearish: we are looking for a continuation to the 2.618 Fibo @ 1.1234. A further continuation to the downside is possible to the 1.1122 area. Watch the USDX for direction. The ATR for the the pair currently is 59 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 111.98 in a channel. Bullish: We are looking for a continuation to the 1.618 Fibo @ 112.96 with an overall target the top @ 113.50-70 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 52 pips – basically too low to trade.

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$GBPUSD

What ProAct Traders See: We are currently @ 1.3203. Bearish: We just finished a 5th wave in the Day chart world if you negate the flash crash. We are looking for a move to the Day chart trend wall @ 1.2993. A break down here would target the 1.2800 area. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 104 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See: Bullish: We are currently sitting @ 0.7077 in a range. We are looking for a bounce here to the 0.382 fibo @ 0.7205. A break above here would continue the resumption to the range top @ 0.7244 – 0.7300 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 64 pips.

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