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This is what I see in the Forex the week of April 4th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: We are in a possible a-b-c- correction to start a 5th wave down.  The USD 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 lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bullish for now: We are currently @ 1.1761 at the bottom of a Range after a 5 wave move down.  We are looking for a continuation up to 1.2000. Watch for either a 4th wave down or a reversal. Watch the USDX for reversal and direction. The ATR for the pair currently is 66 pips.

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$USDJPY 

What ProAct Traders See: Bullish to Bearish: We are currently @ 110.70 in a 5th wave near the Day chart top @ 112.23-46. We are looking for either a continuation here to the R7 Resistance @ 112.46. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips. 

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$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.3833 at the top of the trend. A Break down here would most likely take out the @ 1.3479.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 95 pips.

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$AUDUSD 

What ProAct Traders See:  Bearish: We are currently sitting @ 0.7610 at the bottom of the range. We have a flag pattern in play which is bearish and that breakout would target the S6 @ 0.7400 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 71 pips. 

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