An interesting session. The EURUSD, which we were long coming in, spiked up really early (before the Asian session). I did have a short entry I liked if it headed back down, but not much to the upside once it got extended, so instead of forcing a new call, I ended up just holding the piece we had and raising the stop. See that section below for how it went. Technically, I could have turned to the GBPUSD over the UBreak, and that would have worked too, but the GBPUSD has been very narrow lately. See that section below as well for a conversation.
Here’s a look at the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover.
EURUSD:
See that early move right after the Levels were posted? We never came back from that, and the rest of the session range was only about 45 pips, which wouldn’t have gone well for us on a new trade. Instead, we’re still long and about 150 pips in the money with a stop a few pips under the 1.3100 black line at A:
