Note: USDX: Waiting: MACD not yet clear? A couple of different scenarios:  1:  Bullish: a bounce here look for a move back to the range top @ 98.718. 2: Bearish:  A continuation here would most likely target the support in place. 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 significantly lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

Waiting: Currently we are @ 1.2388.  Two scenarios: Bullish:  a move to the ATR target @ 1.2523 area and top if we are going to range.  2: Bearish: A break down here should target the ATR target @ 1.2260. The average daily true range (ATR) for the pair currently is 129 pips.

Bearish: Currently we are @ 1.9164.  We have convergence. We are looking to continue to the Day chart support @ 1.9060 and then the ATR target @ 1.8975 area - expect a reaction there. The average true range (ATR) for the pair currently is 178 pips per day.

Note: USDX: Bullish: We have continued dollar strength. We do have divergence so unless the MACD roll over up we should see dollar weakness in the coming week. 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 significantly lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

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