Note: Currently USDX is bearish $EURUSD What ProAct Forex Target Traders See: We are currently sitting @ 1.1760 in the top of a trend nearing the top of a 3rd wave. With USDX down the Euro needs to go up but no room. A couple of different scenarios: 1: Bullish: a sideways move and then another thrust to 1.618 Fibo @ 1.1845 area and 2: Bearish: A break down to complete a 4th wave and then bounce for a 5th wave. The average daily true range (ATR) for the pair currently is 81 pips. Image: read more