Currently the cross  is @ 1.0292 and building an ascending wedge .   A break of the resistance @ 1.0321 will target the -0.270 fib extension @ 1.0390.   A break down there, look for the 0.382 Fibo support @ 1.0166.

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Currently the cross  is @ 1.0292 and building an ascending wedge .   A break of the resistance @ 1.0321 will target the -0.270 fib extension @ 1.0390.   A break down there, look for the 0.382 Fibo support @ 1.0166.

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Currently the cross  is @ 1.5588 after hitting yesterday’s target.   A break of the support @ 1.5571 will target the -0.618 fib extension @ 1.5495.   A break down there, look for the 1.5405 support.…

Currently the cross  is  @ 1.2533.   A break of the bear flag will target the S6 support @ 1.2456.   A break down there, look for the 1.2298 support.…

Note: Remember Monday is a holiday in the USA and Europe

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2513 in continuance in a well built downtrend.  We are bullish but we have not set the bottom of the trend wall yet to the upside.   We expect some correction or at least a sideways move, most likely at the S6 and 0.618 fibo ( 06/06/2010 - 05/08/2010 high low) @ 1.2456 area.  Lower  target this week is S7@ 1.2298. The average daily true…

Currently the cross  is  @ 77.77.   A break of the single line trendline and the support @ 77.46 is all that is left.   A break down look for the 76.70  support.…

Currently the cross  is  @ 0.9780  and sitting right at the top of the down trend line.   We have filled the gap so the move to the downside could be over.  A break up- look for 0.9846 ( former support) -   A break down look for the 0.9702 support.…

Currently the cross  is  @ 1.2663 after breaking the wedge and taking  out the  supports.   We still have a little more to go to finish off this downtrend.  We have exceeded the ATR so this may not happen until later sessions.  A break down look for the 1.2588 support.…

Currently the cross  is  @ 0.9425 at the R5 support.   We have re-established the uptrend with this small correction that failed to go and this will be the first test if it is real.  A bounce on current support confirms the  target up to 0.9507.  A break here and look for 0.9593. …

Currently the cross  is  @ 1.5788 at support.   We have broken out of the down trend and this will be the first test if it is real.  A bounce on current support confirms the bulls and a target up to 1.5890.  A break here and look for another double bottom @ 1.5732.  Perhaps a bounce there also.…

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2776  after breaking up in a well built downtrend.  We are bullish but we have not set the bottom of the trend wall yet to the upside.   The 1.2624 is the Day chart bottom which could very easily be the target if the bears come back.  Will expect a pullback or sideways move to set the NEW bottom trendline and then a break above the R3 @1.2787.  Upper target this week is R5 @ 1.3020. The average daily…

Currently the cross  is  @ 0.7603 after a breakout of the wedge.   The  cross has little to bounce it here so this hook should  finish and target a move to the S5/-1.270 Fib extension @ the 0.7527 .  WE have divergence in the chart so that is probably it to the downside.…

Currently Cable is  @ 1.5809 after a breakout of the wedge.   The  cross has little to bounce it other then the psychological 1.5800 level .   A break here targets a move to the 1.5748 support.  A bounce  targets the resistance @ 1.5868 area.…

Currently Cable is  @ 1.5929 after a breakout of the downtrend.   The  current price is sitting on the 0.786 Fibo and a bounce here targets a move back to the 1.6015 resistance.  A break down targets the double bottom @ 1.5834 area.…

Currently Aussie is  @ 1.0012 after a breakout of the downtrend.   As you can see, Aussie has done that before and then came back into the trend.  The 1.0020 Support now resistance should give a clearer picture of what this really is: A breakout and start of the uptrend or a false breakout  and a bid to find more sellers. We are bullish above 1.0020 the S5 @ 1.0093.  Lower targets are the support @ 0.9900 area.   …

Currently Cable  is  @ 1.6085 and bouncing on the S4.   This appears to have corrected (although not very deep) the last up move.  We could also be at the very start of a descending wedge which IF built foretells of further correction and NOT a bounce.  We are now looking initially for the bounce to go to 1.6125 S4 @ wedge top line.  We are bullish above 1.6125 to the R5 @ 1.6199.  Lower targets are the support @ 1.6014 area.  …

$EURUSD

WHAT Forex Target Traders SEE:  We are currently sitting @ 1.2923 on the S5 support after breaking through a significant day chart bottom.  I am using a day chart trens since the 240 is too steep and the trend is really easy to see on a day chart.  Looking to continue down to the 1.270 Fib extension @ 1.2822.  A break lower and we will look  to the 1.2695 area (  S6 and 1.618 extension) . …

Currently Cable  is  @ 1.6098 and trying to break out of the descending wedge.   This is bearish for  the cross.  We are now looking initially for the S4 @ 1.6068.  Lower targets are the support  @ 1.6049 area.   A bounce would take it back to the 0.618 @1.6127.…

Currently USDCAD  is  @ 0.9985 and has broken out of the uptrend.   We are now bearish on the cross.  We are now looking for the S3 / 0.9919 after the break of the S2 support @ 0.9974.   Lower targets are the .786 Fibo @ 0.9878 area.   A bounce would take it back to the 1.0008 resistance.…

Currently we are @ 0.7896 after pushing through the bottom  @ 0.7910 .   We remain bearish on the cross.  We are now looking for the S5 support @  0.7859 area as the interim target . Lower targets are support  @ 0.7837 area…