$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3175  after a breakout of the uptrend.  If the move does not prove to be a false breakout we will look for a retrace to the 0.786 Fibo @ 1.2969.  If we do move back into the trend ( this is an a-b-c move) we will look to the resistance  @ 1.3351.   We are bearish below 1.3143. The average daily true range (ATR) for the pair currently is 80 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3172  after an impressive upside move.  We are right at the day chart trend line so traditional wisdom says look for the bears.  We are not so sure!  Wave 2 was very shallow so that may lend credibility that this is only wave 3 of the up move so it is prudent to prepare for a breakout and trade the longs or the short once it is proven.  Expecting a pullback at current levels and then continuation to the upside…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2927  after a bounce on the .500 fibo.  Expecting a bounce and then continuation to the downside first to the support @ 1.2869.   We are bearish below 1.3000 and waiting for the pullback to finish. A break of the .618 Fibo and we should see downward traction to the confluence of the S5 and .86 Fibo @ 1.2750 area. The average daily true range (ATR) for the pair currently is 74 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3028  @  a significant top.  We are cautious due to this top and the Weekly show another top.  We are bullish up to 1.3100 and then to the 1.618 fib extension @ 1.3176 IF, IF we break it. A pullback or reversal here would target the 1.2904 area. The average daily true range (ATR) for the pair currently is 80 pips. …

$EURUSD What Forex Target Traders See: We are currently sitting @ 1.2991 @ after breaking north of the 0.214 Fibo. We are bullish above 1.2900 and waiting for the pullback to finish. We are looking for upward traction first to the R5 @ 1.3038 area. A break there would target the 1.270 fib extension around 1.3117. The average daily true range (ATR) for the pair currently is 78 pips.…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2728  @  the 0.214 Fibo after breaking back into the downtrend after a false breakout.   We are bearish below 1.2800 and waiting for the pullback to finish. We are looking for downward traction first to the 1.270 Fib extension @ 1.2603 area.  . A break there would target the support cluster around 1.2528. The average daily true range (ATR) for the pair currently is 77 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2728  @  the 0.214 Fibo after breaking back into the downtrend after a false breakout.   We are bearish below 1.2800 and waiting for the pullback to finish. We are looking for downward traction first to the 1.270 Fib extension @ 1.2603 area.  . A break there would target the support cluster around 1.2528. The average daily true range (ATR) for the pair currently is 77 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2831 on the support. We are certainly at a bounce point.  We are bearish below 1.2950 so a bounce will be considered a corrective move.   A break south  target the 2.618 Fib extension @ 1.2761 with the 1.2644 as the outer target.  The average daily true range (ATR) for the pair currently is 79 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2936  just above  the 0.786 Fibo after bouncing on the day chart trend line.   We are bullish above 1.2975 and waiting for the bounce to prove that. We cannot rule out continued downward traction to a double bottom @ 1.2821 area.  We should see a bounce there. A break up would target the 0.214 fibo @ 1.3073. The average daily true range (ATR) for the pair currently is 87pips.…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3032  just below  the 0.382 Fibo.   We are bullish and looking for the bounce around the .500 fibo.  We should see a bounce there and then a continuation to the R5 @ 1.3183 (also the top). A breakdown would target the 0.786 fibo @ 1.2861. The average daily true range (ATR) for the pair currently is 98 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2956  on the 0.618 Fibo.   We are bullish but we are stuck in a wedge.  We should see a bull break and then a continuation to the R5 @ 1.3187. The target above the R5 resistance is resistance cluster @ 1.3240. The average daily true range (ATR) for the pair currently is 98 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3030 on the 0.382 Fibo.   We are bullish above 1.3000.  We should see a bounce  and then a continuation to the R5 @ 1.3187. The target above the R5 resistance is resistance cluster @ 1.3227. The average daily true range (ATR) for the pair currently is 99 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2851 after bouncing on the 0.786 Fibo.  It is quite possible that we have put the bottom in but that is a very cautious position at this point so will not rule out a greater fall.   A break north target the 5^th wave R6 @ 1.3111 then the 1.270 fib extension @ 1.3283 with the 1.3426 as the outer target.  A break south - target the 1.2759 area. The average daily true range (ATR) for the pair currently…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2985 stuck in a wedge.  Until this wedge breaks it is hard to know the bias.  We are bullish above 1.3050 and bearish below 1.2900.  A break north target the R6 @ 1.3100 then the double top @ 1.3175 with the 1.3278 as the outer target.  A break south target the S5 @ 1.2795 then the support @ 1.2761 with the 1.2623 as the outer target.  The average daily true range (ATR) for the pair currently is…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3120 near the top of the trend to the upside.  We are bullish above 1.3000.  We should see a correction and then a continuation to the R7 @ 1.3224. The target above the R7 resistance is 1.270 Fib extension @ 1.3287. The correction target is  the .500 Fibo @ 1.2964 (look for a bounce there). The average daily true range (ATR) for the pair currently is 109 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2805 at the top of the trend the upside.  We are bullish above 1.2600.  We should see a correction and then a continuation to the R6 @ 1.2850. The target above the R6 resistance is 1.270 Fib extension @ 1.2892. The correction target is  the .500 Fibo @ 1.2655 (look for a bounce there the trend line). The average daily true range (ATR) for the pair currently is 96 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2577 and broken out of the day chart wedge to the upside.  We are bullish above 1.2500.  The targets up are the R6 resistance @ 1.2652 and then the 1.618 Fib extension @1.2700 area and the 1.2744. The target down are the R5 @ 1.2419 (possible bounce there on the trend line. The average daily true range (ATR) for the pair currently is 83 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2512 and broken out of the day chart trend line and has hooked back to it.  We are bullish above 1.2500 but will immediately reverse that if we break significantly below the 1.2500.  The targets up are the resistance @ 1.2623 and then the 1.2700 area. The target down are the 0.500 Fibo @ 1.2375 (possible bounce there on the trend line. The average daily true range (ATR) for the pair currently is 98…

We finished last week with 493 Pips - not bad for August

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2234 and stuck in a wedge.  We are bearish below 1.2290 but won’t rule out the up move on a wedge break out to 1.2446 @ 1.2446.  The targets down are the S4 support @ 1.2231 and then the 1.2069 area. The average daily true range (ATR) for the pair currently is 95 pips. …