Forex Trading the week of 10\/05\/2025: USDX, EU,UJ,GU

Note: TENTATIVE – FOMC and NFP this week!

USDX: Forex Strategies Waiting: Currently, we are at equilibrium in a range. We can go either way so most likely they are holding due to FOMC and NFP. 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, probably Bullish: We are currently @ 1.1742 at equilibrium and a range. We are looking for a continuation to the top @ 1.1900. Watch the USDX for reversal and direction. The ATR for the pair currently is 76 pips and its 90 day average is 82 pips.

USDJPY

Forex Strategies Bearish: We are currently @ 147.46 at equilibrium and a range. We are looking to continue to the range bottom @ 145.50. Watch the USDX for direction. The average daily true range (ATR) for the pair 109 pips and it 90 day average is 124 pips.

GBPUSD

Forex Strategies: Bullish: We are currently @ 1.3476 at equilibrium and a range. We are anticipating a continuation to the 0.214 Fibo @ 1.3643 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 90 pips and it 90 day average is 90 pips.

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