Forex Trading the week of 07\/20\/2025: USDX, EU,UJ,GU,AU,

Note: USA Unemployment claims this week!   

USDX: Forex Strategies Cautiously Bearish: Currently, a 2nd wave in a range. We could still put one more move up to finish a triple top before resumption to the downside. 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 Waiting: We are currently @ 1.1627 in a range. A couple of different scenarios:  1: Bullish: a break here look for a move back to the range top @ 1.1820. 2: Bearish: A continuation here would most likely take out range bottom @ 1.1400. 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 Bearish: We are currently @ 148.81  in the top of  a range. We are looking to top out and then target the 1.618 Fibo @ 145.40. Watch the USDX for direction. The average daily true range (ATR) for the pair 90 pips and it 90 day average is 100 pips.

GBPUSD

Forex Strategies: Bearish ?:  We are currently @ 1.3410  in a range and channel.  If we break support here we are looking to continue to the 1.270 Fibo @ 1.3250 area.  Could also easily come back in the range. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips and it 90 day average is 72 pips. 

AUDUSD

Forex Strategies: Bearish:  We are currently @ 0.6508  in  a tight range.  We are looking to continue to the range bottom @ 0.6373. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips and it 90 day average is 72 pips.