A winning trade to close out a light week. See EURUSD below.
As usual on 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 (no patterns, but see GBPUSD), and then look at the US Dollar Index.
Next week should be light as we wrap up August and head into Labor Day weekend. I will be half size all week.
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:
Triggered short at A, hit first target at B, lowered stop over entry and stopped at C somewhere on a news spike:
