Forex Trading the week of 07\/13\/2025: USDX, EU,UJ,GU,AU,

Note: Core CPI, Core Manufacturing and Unemployment claims this week!   

USDX: Forex Strategies Bullish: Currently, an ABC pattern in a range. We have ascending triangle (bullish) also in place.. 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 about the same as last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.1690 in a 3rd  wave. We are looking to continue the wave to the 2.618 Fibo @ 1.1550.  Watch for a 4th wave there.  Watch the USDX for reversal and direction. The ATR for the pair currently is 78 pips and its 90 day average is 99 pips.  

USDJPY                            

Forex Strategies Bullish: We are currently @ 147.44  in a range. We are looking to continue to the Range top @ 1.149.00.  Watch for move clues there.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 131 pips and it 90 day average is 157 pips.

GBPUSD                          

 Forex Strategies Bearish: We are currently @ 1.3492 in a 3rd wave in a range. We are looking to continue the wave to the1.618 Fibo @ 1.3400 area.  Watch for a 4th wave there.  .  Watch the USDX for direction. The average daily true range (ATR) for the pair 100 pips and it 90 day average is 100 pips.

AUDUSD

Forex Strategies: Bullish:  We are currently @ 0.6577 just out of  a tight range.  We are looking to continue to the day top @ 0.6685. Could also easily come back in the range. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 55 pips and it 90 day average is 72 pips.