Forex Trading the week of 06\/15\/2025: USDX, EU,UJ,GU,AU,

Note: FOMC this week!   

USDX: Forex Strategies Bullish back to Bearish: Currently, it looks like we might be starting a C wave up. Wait for confirmation.  The 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 slightly lower than last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1551 in an ABC pattern.  We are looking to finish the C wave and then resume to the R6 @ 1.1676. Overall target is the4.236 Fibo @ 1.1960. Watch the USDX for reversal and direction. The ATR for the pair currently is 91 pips and its 90 day average is 101 pips.  

USDJPY                            

Forex Strategies Bullish to Bearish: We are currently @ 144.13 in a range.  We expect to continue to the Range bottom area  @ 141.75 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 145 pips and it 90 day average is 164 pips.

GBPUSD                          

 Forex Strategies Bullish to Bearish: We are currently @ 1.3573 in a range. We expect a final move to the range top @ 1.3738  Watch the USDX for direction. The average daily true range (ATR) for the pair 84 pips and it 90 day average is 98 pips.

AUDUSD

Forex Strategies: Bearish:  We are currently @ 0.6490  in a tight range.  We are looking to continue to the1.270 Fibo @ 0.6373. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 51 pips and it 90 day average is 71 pips. .