Note: Most Euro banks are closed Monday
$EURUSD
WHAT ProAct Traders SEE: We are currently sitting @ 1.4334 on the .500 Fibo after a break of the 0.382 Fibo. The cross still has great targets to the downside – namely the .0.618 Fibo @ 1.4246, the 0.786 support @ 1.4124 and also the S6 @ 1.4077. There has been no retrace in the cross so watch for that. A break to the upside targets the S4 @ 1.4464. The average daily trading range for the cross currently is 166 pips.
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$USDJPY
WHAT ProAct Traders SEE: We are currently @ 80.34 with a inverse head and shoulders indicating the start of the up move. Looking for follow-through to the R3 @ 81.01 which will break the down trend line top. R4 appears to be the reachable target @ 81.90 ( also the .382 Fibo) A break-down targets the return to the 79.57. The average daily trading range for the cross currently is 59 pips.
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$GBPUSD
WHAT ProAct Traders SEE: We have broken through the 1.618 target and are currently @ 1.6227 On the lower charts have a sideways move indicating further bearish movement. The 2.618 fib extension and S5 are the next targets @ 1.6178 area. There has been no retrace in the cross so watch for that. If the Cross breaks the trendline look for the 4.236 fib extension @ 1.5980. Any bounce targets the return to the S4 @ 1.6314. The average daily trading range for the cross currently is 130 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Aussie is trying to break to the downside. Currently @ 1.0550 but testing the S4 @ 1.0540 for a break down. The targets is the s5 @ 1.0398 with some major barriers to overcome (.786 Fibo and the double bottom. The average daily trading range for the cross currently is 115 pips.
