This is what I see in the Forex the week of July 3rd, 2022: USDX, EU,UJ,GU,AU

Note: USA Holiday on Monday-Banks are closed

USDX: Bearish – We are looking to continue this down movement, but we are in a very tight range. 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 slightly lower than last week. BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1.0427 in the bottom of a channel which is bullish.  With USDX down, we are looking for a continuation to the R4 @ 1.0600.  Watch for a reaction there.  Watch the USDX for reversal and direction. The ATR for the pair currently is 108 pips.

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#USDJPY 

What ProAct Traders See: Bearish: We are currently @ 135.20 in a channel.  We are also in a Symmetrical Triangle. IF, we break the slope support, we are looking for a move to the S5 @ 132.95.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 166 pips.

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#GBPUSD

What ProAct Traders See: Bullish: We are currently @ 1.2094 in a range.  If we can break the 1.2176 resistance we are looking for a move to the R6 @ 1.2587.   Watch the USDX for direction. The average daily true range (ATR) for the pair is 157 pips.

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#AUDUSD 

What ProAct Traders See:  Bullish:  We are currently @ 0.6816.  We expect a move to the R4 @ 0.7004 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 93 pips. 

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