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This is what I see in the Forex the week of July 8th, 2019: USDX, EU,UJ,GU,AU

Note: USDX: We are Bullish based on the current chart which may be totally opposite when the Market opens on Monday due to after hours trading. Bullish: a small pullback here and look for a move back to the range top. The 60-minute chart is showing convergence for the up move. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week, so look for them to increase further.

$EURUSD

What ProAct Traders See: Bearish: We are currently @ 1.1227 in a range and channel. We are looking to continue range bottom @ 1.1100 and maybe through to the 1.270 Fibo @ 1.1025. Watch the USDX for direction. The ATR for the pair currently is 59 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently @ 108.42 in a channel and range. We are looking to continue to the range top @ 109.92. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 59 pips.

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$GBPUSD

ProAct Traders See: Bearish: We are currently @ 1.2529 in a range. We are looking to continue to the downside possible all the way to the 1.618 Fibo @ 1.2294. Watch the USDX for direction. The average daily true range (ATR) for the pair is 75 pips.

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

What ProAct Traders See: Bearish: We are currently sitting @ 0.6679 in a tight range. We are looking to continue to the range bottom @ 0.6832. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 47 pips.

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