Note: USDX: We are Bearish to Bullish based on the current chart which may be totally opposite when the Market opens on Monday due to after hours trading. MACD is showing divergence at this time so we may have a continued thrust to the downside before resumption up. We are looking for a continuation to the range bottom then watch for a bounce. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week last week, so look for them to increase further.

$EURUSD

Bearish: Currently we are @ 0.8896 after a breakout. We are looking for a continuation to the ATR target @ 0.8860 and then a continuation to the 0.214 Fibo @ 0.8841. The average daily true range (ATR) for the pair currently is 49 pips but its 180-day ATR is 63 pips a day.

Note: USDX We are Bullish. MACD is showing convergence up at this time but we may have a short thrust to the downside before resumption up. We are looking for a continuation to the range top. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are all similar to last week, so look for them to increase further.

$EURUSD

Bullish: Currently we are @ 1.2744 after completing a corrective wave on the channel bottom. We are looking for a continuation initially to the ATR target @ 1.2795 and then continue to the 2.618 Fibo @1.2878z. The average daily true range (ATR) for the pair currently is74 pips but its 180-day ATR is 107 pips a day.

Bullish: Currently we are @ 1.2608 after completing a bounce on the range bottom. We are looking for a continuation initially to the 0.214 Fibo @ 1.2738 and then continue a move to the range top @1.3414. The average daily true range (ATR) for the pair currently is 84 pips but its 180-day ATR is 104 pips a day.