Forex Calls Recap for 11/4/11

Another winner (after a dead European session) to close out the week. See EURUSD below.

Time change in the US this weekend. Typically leads to a slow start first day as the technicals are off a bit. No rush Sunday.

New calls and Chat Sunday. As usual in the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then discuss an educational topic.

Here’s the US Dollar Index intraday with our market directional lines:

EURUSD:

After a flat overnight, triggered short in the morning at A, hit first target at B for 45-50 pips, then lowered stop twice and stopped in the money at C to close the week:

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