This is what I see in the Forex the week of July 10th , 2022: USDX, EU,UJ,GU,AU

USDX: Bearish – We appear to have topped out and are looking to continue this down movement, but can’t be sure that the up move is over. The USD 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 significantly lower than last week-Summer Trading on the Dock. BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1.0184 in the bottom.  We anticipate a Head and Shoulders pattern before heading up.  With USDX down, we are looking for a continuation to the 0.382 Fibo @ 1.0490.  Watch for a reaction there.  Watch the USDX for reversal and direction. The ATR for the pair currently is 100 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 136.12 in a range.  We are looking for a move to the R6 @ 137.60 and possibly the 1.270 Fibo @ 139.44.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 117 pips.

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#GBPUSD

What ProAct Traders See: Bullish: We are currently @ 1.2035 in the start of a channel that is unproven at the moment.  If we can break the 1.2192 resistance we are looking for a move to the 0.500 Fibo  @ 1.2302.   Watch the USDX for direction. The average daily true range (ATR) for the pair is 120 pips.

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#AUDUSD 

What ProAct Traders See:  Bullish:  We are currently @ 0.6853 in an unproven channel.  We expect a move to the 0.500 Fibo @ 0.7022 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 80 pips. 

CAUTION IS URGED - TRADE WITH STOPS!!!!!