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Target Trading: EUR/USD Currently Sitting At 1.3583

ByScott Barkley
Published 11/30/2013, 10:03 AM
Updated 10/05/2023, 10:02 PM

EUR/USD
What Forex Target Traders See: We are currently sitting at 1.3583. The pair could consolidate for a while since that is what it did in October in this same area. We are looking for a movement to the R5 at 1.3574 with the overall target at the R6 at 1.3907. The average daily true range (ATR) for the pair has dropped and is currently is 79 pips.


USD/JPY
What Forex Target Traders See: We are currently at 102.43 and in a continuation to the upside. We are looking for an initial move to the R6 at 10.3.03 and then the 2.270 Fibo at 105.02 as the target. The average (14 day) daily true range (ATR) for the pair currently is 67 pips.


GBP/USD
What Forex Target Traders See: Cable is currently at 1.6366 and trading in a rising wedge which is initially bearish. We expect a correction to the 0.500-0.382 fibo and then a move to the R6 at 1.6464. The average (14 day) daily true range (ATR) for the pair currently is 100 pips.

AUD/USD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently at 0.9110 after a 5th wave move to the S6 target. We are looking for an ABC pullback here and then resumption to the 0.8888. The average daily true range (ATR) for the pair currently is 93 pips.

<span class=EUR/USD Chart" title="EUR/USD Chart" width="1653" height="1005"><span class=USD/JPY Chart" title="USD/JPY Chart" width="1653" height="1005"><span class=GBP/USD Chart" title="GBP/USD Chart" width="1653" height="1005"><span class=AUD/USD Chart" title="AUD/USD Chart" width="1653" height="1005">

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